With the improvement of China's economic development level, its importance in international trade and investment is increasing day by day, and RMB can also add an international currency with stable value and convenient exchange to the international monetary system.
Extended data
According to the survey data released by the Bank for International Settlements (BIS) in 2013, the daily trading volume of RMB has reached120 billion US dollars, much higher than 34 billion US dollars three years ago, which makes RMB the ninth most active trading currency in the global foreign exchange market.
In the survey of 20 13, RMB accounts for 2.2% of all transaction currencies; In the survey of 20 10, RMB accounts for 0.9% of all transaction currencies; In the 2007 survey, RMB accounted for 0.5%.
20 16 10, RMB was included in SDR currency basket. Since then, the value of SDR has been determined by a basket of current exchange rates of five currencies, namely US dollar, euro, RMB, Japanese yen and British pound, with weights of 4 1.73%, 30.93%, 10.92%, 8.33% and 8.09% respectively.
This reflects the rising voice of emerging economies in the international monetary system, and is also a response to the demands of the international community to reform the international monetary system.
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