RMB Is Expected To Join SDR Next Year.

Cao Yuanzheng said, "we invited them to join Asia Investment Bank. They also came to China to discuss the matter. At the moment, we are still waiting for answers from the US. Now that the deadline is over, they can still join the Asia Investment Bank project, but can only join as an ordinary member country.

Cao Yuanzheng, chief economist of the PBOC, said in a recent interview with foreign media that the renminbi could be included in the basket of currencies of the International Monetary Fund (IMF) in the next year and will become a reserve currency.

In a TV interview with foreign media, Cao Yuanzheng said, "the pace of progress will depend on the process of negotiations." When asked whether the renminbi will join the reserve currency as a matter of whether there will be a result at the end of the year, Cao Yuanzheng said, "maybe."

The inclusion of RMB in the SDR is the political goal of President Xi Jinping's challenge to the US dollar hegemony and the European and American dominated global economic order. According to Barclays Plc and DBS Group Holdings., China will strive to build a stable foreign exchange rate in May. It is expected that in May IMF The investigation was affirmed.

The yuan fell against the US dollar last month to its lowest level since October 2012. In March, Premier Li Keqiang and governor of the people's Bank of China Zhou Xiaochuan expressed their desire to be included in the IMF reserve currency at the press conference, and the renminbi continued to decline for another 4 months.

Andreas Dombret, a member of the board of directors of Bundesbank, said on Monday that before the IMF week in Washington, IMF still needs to achieve free convertibility to become a basket plan.

　　 Cao Yuan Zheng China's new projects in the Silk Road and Asian infrastructure are pointed out. Investment The bank is playing an important role in the plan. When asked about the issue of infrastructure in Asia, Cao Yuanzheng said, "Asia Investment Bank is a long-term investment, and the silk road project is stock assets. In order to solve the problem of currency inequality, these projects must use the local currency, and the renminbi is undoubtedly the most competitive in this region. "

Cao Yuanzheng also mentioned that although the Asian inviting bank is still inviting the country, the United States did not submit its application before the deadline of last month, so it will not become one of the founding countries of Asia Investment Bank.