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The Chinese yuan will be included in the basket of currencies the IMF

From 1 October 2016 the Chinese yuan will be included in the currency basket of the International monetary Fund, on the basis of which an SDR is an artificial reserve and means of payment of the IMF.

The proportion of the yuan in the basket of currencies will amount to 10,92%. The share of US dollar reduced from 41.9% to 41.7%, the share of Euro – from 37.4% to 30.9%, the share of Japanese yen – from 9.4% to 8.3%, the share of the British pound – from 11.3% to 8.1%.

The inclusion of the yuan in the SDR composition will facilitate trading partners of the PRC the use of the yuan as a reserve currency.

Note that at the end of October of this year the Bank of Israel decided to increase the share of the yuan in the effective composition of the basket of currencies from 5.7% to 10.2% of the composition of the «basket» due to a significant increase in the volume of Israeli-Chinese trade.




The Chinese yuan will be included in the basket of currencies the IMF 01.12.2015

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