Special Drawing Rights (SDR), also known as "paper gold", was first issued in 1970. It is a book asset allocated by the International Monetary Fund according to the share subscribed by member countries, which can be used to repay IMF debts and make up the balance of payments deficit among member governments.

Significance: First of all, becoming an SDR basket currency is of strategic significance to the internationalization of RMB. After the outbreak of the international financial crisis in 2008, China promoted the use of RMB in cross-border trade settlement, and signed bilateral local currency swap agreements with several economies, making RMB a more important international function of trade payment and official reserve currency. The renminbi has become the basket currency of SDR, which will help to enhance the international community's awareness of the renminbi, and thus increase its acceptance. Once SDR becomes a major asset in the international financial market, RMB will become one of the major currencies in the international financial market.

Second, it will help promote the reform of the international monetary system. RMB's participation in the SDR basket will help to enhance the voice of emerging market countries in the international financial field and help SDR become a super-sovereign reserve currency. This will change the pattern of monopolizing the international monetary and financial fields in the United States and Europe, solve the problems caused by a few sovereign currencies acting as international currencies, and thus promote the development of the international monetary and financial system in a fair, just, inclusive and orderly direction.