The document discusses the inclusion of the Chinese yuan (CNY) in the International Monetary Fund's (IMF) Special Drawing Rights (SDR) currency basket, effective October 1, 2016. This marks a significant milestone for China in its quest for a larger global role for the yuan. The CNY will have a 10.92% weight in the basket, following the U.S. dollar and the euro. The document also explores the potential impacts on global central banks' currency reserves, capital flows, China's bond and equity markets, and further financial reforms in China.
documents/vol00010-efta01476254-pdf.pdf
{"title":"CIO Flash — Chinese yuan enters IMF reserve basket","key_people":["Deutsche AWM Investment GmbH","Deutsche Bank AG"],"document_date":"2015-12-01","document_type":"correspondence","key_locations":["China"],"key_organizations":["International Monetary Fund (IMF)","Deutsche Asset & Wealth Management"]}