It's official! RMB to join SDR basket in October 2016

In a widely anticipated move, the IMF executive board has approved the renminbi as the fifth currency in the Special Drawing Rights (SDR) basket of currencies with a weighting of 10.92%, the IMF said in a November 30 statement. The new SDR will go into effect as of October 1, 2016.
Already a subscriber? Login
Further Reading
-
Regulation & Policy
China policy and markets round-up: Beijing hones in on green finance, southbound Bond Connect to launch before year-end, BOC, ICBC name new presidents
-
Bonds
Kexim spices up dim sum bond market with rare Korean supply
-
Bonds
Kexim brings rare Korean supply to CNH market
-
Securitization
Toyota races to sell first China auto ABS in Year of the Ox