The Probability Of RMB Right Exceeds That Of Sterling And Japanese Yen.

Due to the gradual increase of demand for RMB in the international market, the RMB exchange rate will be supported in the future, and it will also help enterprises cross border investment, trade, acquisition and merger, and purchase resources, labor services, technology and so on.

With the increasing proportion of Renminbi denominated in China's foreign trade, the renminbi has become one of the most commonly used payment currencies.

Chinese companies often offer more attractive prices and financing to trade partners in exchange for renminbi settlement, thereby eliminating their own exchange rate risks.

Up to now, the renminbi is rapidly expanding its role in trade settlement.

Using trading partners' currencies to settle pactions instead of using dollars as intermediaries can greatly increase efficiency.

In the future, Chinese enterprises will gain the benefits of RMB appreciation while avoiding exchange rate risks.

According to the fund manual, the SDR weighting method consists of two parts: its global reserve and its share in international trade.

Under this framework, because the COFER database of IMF does not fully disclose the proportion of RMB in international reserves, the alternative is to combine trade weights and reflect the index of foreign exchange assets that the renminbi accounts for in international reserves.

Special drawing rights (SDR) is the potential of IMF member countries to freely use monetary quotas.

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In fact, it is a supplementary international reserve asset. It is a bookkeeping unit of IMF and some other international organizations, also known as "paper gold".

Since SDR was founded, IMF has allocated 4 SDR to its member countries, and has accumulated 204 billion SDR, which is equivalent to 281 billion 500 million US dollars.

At the time of accession, the original member states will pay a sum of money according to a certain share, that is, the share of the original country, and allocate SDR according to the share of the original country.

At present, the SDR basket includes US dollar, euro, pound sterling and Japanese yen, and the US dollar accounts for 4 of the share.

IMF estimates SDR currency basket every five years.

In general, it adjusts the monetary weight in the basket and considers it incorporated into other currencies.

So far, the only currency substitution in the basket was in 1999, when the euro replaced Mark and French franc.

This year is another assessment year, and the main question is whether IMF will bring the renminbi into the basket of SDR currencies.

SDR also has

It is determined weekly that interest is paid less by the SDR than the allocated amount, that is, the member states that have borrowed the reserves to pay to the reserve borrower.

Warren Quez, a member of the International Monetary Fund, who led the SDRs for many years, told reporters that according to the method he gave at present, the weight of the RMB should be 13.8% over the pound and yen.

The 13.8% is in fact a combination of the two.

In the algorithm tables provided by Cozie to reporters, the final weighting ratio of each currency is directly added to the two data.

Another media report showed that two people who knew about the IMF discussions said that the policymakers of the organization were considering adjusting the method of calculating the weight of Basket Currencies, thereby reducing the importance of export volume and increasing the importance of financial mobility.

As a result, Holland ING bank and other financial institutions have obtained different conclusions which are less than the above expectations.

He admits that the above approach is an alternative means of use in the pition period, so it is still very possible that this meeting does not set a fixed weight and is looking forward to further reforms in the next few months.

"China has recently agreed to comply with the IMF data reporting standard, and the new SDR basket will not take effect until October 1, 2016.

By that time, China may have fully complies with the reporting standards, so there is no need to discuss the differences between the above approaches. "