综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Finance

RMB's inclusion in SDR basket supports China's reforms: IMF deputy managing director

(Xinhua) Updated: 2016-10-06 09:39

RMB's inclusion in SDR basket supports China's reforms: IMF deputy managing director

International Monetary Fund (IMF) deputy managing director Zhang Tao speaks at the Peterson Institute for International Economics in Washington D.C., Oct 5, 2016. [Photo/Xinhua]

WASHINGTON - The historic inclusion of China's Renminbi into the Special Drawing Right (SDR) basket of the International Monetary Fund (IMF) has deeper significance for China and the global economy, said Zhang Tao, deputy managing director of the IMF, on Wednesday.

"The inclusion of the Renminbi thus recognizes a significant increase in the internationalization of the Chinese renminbi (RMB) in recent years, underpinned by policy reforms to achieve China's transition to an increasingly open and market-based economy," said Zhang Tao at a forum held by the Peterson Institute for International Economics and China Finance 40 Forum in Washington.

Last November, the IMF decided to include the RMB in the SDR basket as a fifth currency, effective Oct 1, 2016. It's the first time for the IMF to include a currency from emerging market economy in its SDR basket.

It means that IMF members can use the RMB in the IMF-related transactions. "In essence, the renminbi becomes integral to a future crisis response," said Zhang.

According to Zhang, the inclusion of RMB in the SDR basket will make the currency more attractive as an international currency, contributing to greater risk diversification.

It will also strongly support China's continued efforts to reform its monetary, foreign exchange, and financial systems, and help facilitate its increased integration in the global financial community, said Zhang.

"In this regard, inclusion should help consolidate the process of renminbi internationalization," said Zhang, adding that the internationalization development could encourage fostering deeper and more liquidity financial markets.

IMF is working on the broader use of the SDR, including the issuance of SDR-denominated bonds and broader reporting in SDR terms, said the official, adding that the issuance of SDR-denominated bonds by the World Bank marked the first step for the developments.

Hot Topics

Editor's Picks
...
深水埗区| 板桥市| 兰州市| 哈密市| 兰溪市| 陈巴尔虎旗| 新龙县| 长宁区| 崇文区| 荥经县| 西藏| 荃湾区| 团风县| 上林县| 九江市| 陕西省| 临夏市| 锡林浩特市| 八宿县| 广东省| 余江县| 绥滨县| 台中县| 宜兴市| 东平县| 克拉玛依市| 巴南区| 若羌县| 永新县| 花莲市| 阳信县| 牙克石市| 永靖县| 伊宁县| 洪雅县| 通海县| 当涂县| 桓台县| 铜梁县| 从江县| 靖西县|