EVENT INFORMATION

1
Òktober
2016

Renminbi enters the IMF’s SDR basket

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📅 1 Òktober 2016 📍 China, Global

The renminbi became the fifth currency in the IMF’s reserve asset basket, alongside the US dollar, euro, yen, and pound. The change symbolized China’s growing role in the monetary system but did not make the renminbi freely convertible or displace the dollar’s dominance.

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🔖 Marká

Personanan den e suseso aki

IMF officials

Chinese financial authorities

Organisashonnan den e Evento aki

International Monetary Fund