at 1: a.m. Beijing time on December 1, 215, IMF officially announced that RMB (6.422, .35, .5%) will join SDR (Special Drawing Rights (.728144, ., .%) on October 1, 216. Five years after the last round of evaluation, the IMF finally approved RMB to enter SDR.
The adoption of this resolution is another historic event for China, which will have an important impact on China's financial reform and the trend of RMB exchange rate. At the same time, the RMB will become the fifth SDR basket currency alongside the US dollar, euro, pound and yen.
for China, RMB's entry into SDR is not only the IMF's recognition of RMB's internationalization process, but also China's commitment to continue to promote gold reform, including capital account opening.
RMB's inclusion in SDR will be interpreted as an official endorsement of RMB as a freely usable currency by IMF, and it also marks that China's increasingly prominent importance in the international financial market has been recognized internationally, which will further promote China's domestic financial reform and capital account opening process.
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Response time: December 14th, 221. Please refer to the latest business changes announced by Ping An Bank in official website.