SDR and Internationalization of RMB

摘要

After careful deliberation,the Executive Board of the International Monetary Fund(IMF)judged the Chinese renminbi(RMB)to be a"freely usable currency"on November 30,2015 and confirmed its inclusion in its Special Drawing Rights(SDR)currency basket from October 1,2016.This decision means that the RMB has become one of the major reserve currencies in international finance.It has greatly improved the international status of the RMB,boosted confidence in the