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Home / Other / World / Chinese yuan has become the fifth international re...

Chinese yuan has become the fifth international reserve currency

Chinese Yuan, which the International Monetary Fund included in its currency basket at the end of 2015, will be officially reported in the IV quarter of 2016, RIA Novosti reported.

"The IMF will record Chinese yuan in the official database of foreign exchange reserves in the review for the fourth quarter of 2016, starting on October1. The change will be recorded on the financial statements for the year 2016 which will be published at the end of March 2017 ", - the fund noted.

Board of Directors of the IMF decided to include Chinese yuan in the SDR basket at the end of 2015, the Chinese currency will receive 10.92% in the basket from October 1, 2016, ranking third after the US dollar (41.73%) and the Euro (30.93%). Japanese yen and British pound have 8.33% and 8.09% shares respectively.
 

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