Thursday, November 19, 2015
ANBOUND: Joining SDR, Should Be In Line With RMB Internationalization
ANBOUND
The inclusion of RMB into the International Monetary Fund's Special Drawing Rights (SDR) is one of the very important targets in achieving the internationalization of RMB.
Anbound’s scholars point out that the inclusion of RMB into SDR basket is a very important step, this, however, does not mean RMB automatically becomes international reserve assets.
The most important thing for RMB is to internationalize and one of the way to realize RMB internationalization is to enhance the foreign investment in yuan-denominated assets and gradually expand the use of RMB worldwide.