男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
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
...
主站蜘蛛池模板: 含山县| 桂东县| 威海市| 延安市| 丰城市| 鸡东县| 容城县| 满洲里市| 滁州市| 高尔夫| 聂拉木县| 江津市| 庐江县| 景泰县| 什邡市| 乐安县| 西乌珠穆沁旗| 靖江市| 阿勒泰市| 平昌县| 定安县| 富裕县| 锡林郭勒盟| 西乌| 高州市| 山西省| 阳朔县| 栖霞市| 阳曲县| 凤台县| 富源县| 林口县| 河源市| 迁西县| 西林县| 中宁县| 白城市| 扶余县| 扶沟县| 镇坪县| 宁德市|