20 16, 10, 1, RMB officially joined the sdr currency basket, becoming the third most weighted currency. The proportion of SDR currency basket is: USD (4 1.73%), EUR (30.93%) and RMB (10.92%).

1, local time of the International Monetary Fund165438+1October 30th, announced that RMB was formally included in the IMF Special Drawing Rights (SDR) currency basket, and the resolution will take effect on June 30th, 20th16+10. The voting meeting was presided over by IMF Managing Director Lagarde, and IMF 188 member countries attended the meeting and voted. SDR is an international reserve asset created by IMF on 1969, which is used to make up for the shortage of official reserves of member countries. Its value is currently determined by a basket of reserve currencies consisting of USD, EUR, JPY and GBP.

2. Experts said that in the long run, China people will be able to use RMB to travel, shop and invest abroad directly, reducing exchange costs and avoiding exchange rate risks.

3.SDR basket currency is usually regarded as a safe haven currency. Obtaining this status will undoubtedly increase the international use of RMB by the public and private sectors.

With the increasing demand for RMB in the international market, it is very likely that the RMB exchange rate will remain basically stable or even firm in the future.

5. Cross-border transactions and acquisitions are more convenient. Due to the increasing demand for RMB in the international market, the RMB exchange rate will be supported in the future, which is also conducive to cross-border investment, transactions, acquisitions, mergers and acquisitions, as well as the purchase of resources, services, technology and so on. China enterprises usually offer more attractive prices and financing to their trading partners in exchange for RMB settlement, thus eliminating their own exchange rate risks.

6. Consumers directly spend RMB abroad. Due to the expansion of RMB pricing function, many commodities are priced in RMB, which will avoid the risk of exchange rate fluctuations and reduce procurement costs. Lian Ping, chief economist of Bank of Communications, said that with the entry of RMB into SDR, more and more countries recognize RMB and are willing to accept RMB, which will make it more convenient for shopping and traveling abroad in the future.

7. Investors can buy houses and stocks abroad. On the premise of opening capital and financial accounts, if the RMB keeps a stable trend, it will be beneficial for investors to allocate and trade assets around the world. In the future, China people can allocate overseas assets more conveniently and invest in real estate, stocks and bonds abroad. It will no longer be a dream to buy a house abroad directly with RMB.