IMF slightly lower proportion of the dollar and the yen, while giving more weight to the euro and British pound. Before someone addressed the future of SDR can be used as global reserve currency.
"SDR's value will continue to build on the dollar, euro, sterling and the yen to a basket of currencies based on the weighted average," IMF said in a statement.
Previously the market was speculation IMF SDR basket will be expanded to include the Chinese yuan, as China's growing global economic influence in the recognition.
IMF said that the review be completed this month, IMF SDR weight that should be: 41.9% U.S. dollar, the euro accounted for 37.4%, GBP 11.3%, 9.4% Japanese yen.
Review five years ago, IMF is that the dollar weight of 44%, the euro accounted for 34%, 11% Japanese yen and pound each.
IMF Special Drawing Rights in the creation 40 years ago, as an international reserve asset, usually a revaluation every five years. Its value is based on a basket of "free use" of the currency.
Discontent for the depreciation of the dollar caused the interest to find alternatives to replace the U.S. dollar's dominant position in the global economy, SDR become a new focus.
Now China has become the world's second largest economy, but its currency is not convertible on the capital account, it is rarely used outside of China. (End)
- Compile Dan Guanlan; revision Zhang Mingjun
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