The renminbi as a benchmark currency
Published on Monday, December 7, 2015 | Updated on Sunday, May 13, 2018
The renminbi as a benchmark currency
Summary
On 30 November the International Monetary Fund (FMI) announced its decision to include China’s currency (the renminbi, RMB) in its basket of benchmark currencies, which is used to determine the value of special drawing rights (SDRs).
Topics
- Topic Tags
- Central Banks
Authors
Le Xia
BBVA Research - Chief Economist