Preliminary estimates from the IMF show that the weight of RMB may be between 14% and 16%, which is higher than that of British pound and Japanese yen. Lian Ping predicted that the proportion of RMB may reach about 15%, and the shares of the other four currencies will decrease accordingly due to the addition of RMB.
However, many analysts believe that the final evaluation of IMF will greatly reduce the proportion of trade parameters in the standard, and the weight of RMB in SDR may be overestimated. The amount predicted by ING Bank of the Netherlands is only 9.2%.
Introduction to SDR
Special Drawing Rights (SDR), also known as "paper gold", was first issued in 1969. It is a book asset allocated by the International Monetary Fund according to the shares subscribed by member countries, which can be used to repay the debts of the International Monetary Fund and make up for the balance of payments deficit among member governments.
Its value is determined by a basket of reserve currencies, including USD, EUR, RMB, JPY and GBP. When a member country has a balance of payments deficit, it can exchange foreign exchange with other member countries designated by the IMF to pay the balance of payments deficit or repay IMF loans, and it can also act as an international reserve like gold and freely convertible currencies.
Because it is a supplement to the original ordinary drawing rights of the International Monetary Fund, it is called special drawing rights.
When it was first issued, each unit was equal to 0.88867 1 gram of gold, which was equivalent to the US dollar at that time. The purpose of issuing SDR is to supplement gold and convertible currencies to maintain the stability of the foreign exchange market.
2015165438+1On October 30th, the International Monetary Fund officially announced that RMB 201610/was included in SDR (Special Drawing Rights).
1, 20 16 years 10 month, the value of SDR is determined by the current exchange rate of a basket of five currencies, namely, USD, EUR, RMB, JPY and GBP, and its weights are 4 1.73%, 30.93% and/kloc-0 respectively.