ChinaVowsFurtherFinancialReformsAfterRMBsSDR.pptVIP

China Vows Further Financial Reforms After RMB’s SDR Inclusion Presenters: 陈凯旋 1403012203 吕晓琳 1403012220 王媛燕 1403012222 吴玉婷 1403012228 2016/10/27 /english/2016-10/01/c_135727040.htm BEIJING, Oct. 1 -- China’s central bank said that the country will continue to push financial reforms and market opening after the inclusion of its currency RMB into the International Monetary Fund’s (IMF) Special Drawing Right (SDR) currency basket. The IMF on September 30，announced the launch of the new SDR basket including the yuan, effective from October 1, saying it was a historic milestone for China, the IMF and the international monetary system. China welcomes the move, which will strengthen the representativeness, stability and attraction of the SDR while advancing the reform of the international monetary system, the People’s Bank of China said in a statement on its website. The SDR is an international reserve asset created by the IMF in 1969 to supplement its member countries’ official reserves. It can be exchanged among governments for freely usable currencies in times of need. Last November, the IMF decided to include the yuan in the SDR basket as a fifth currency, effective Oct. 1, 2016. The executive board of the IMF on September 30， also decided the weight of each currency in the new SDR basket, with the yuan being 10.92 percent, the U.S. dollar 41.73 percent, the Euro 30.93 percent, the Japanese yen8.33 percent and the Pound Sterling 8.09 percent. The percentage will remain fixed over the next five years until the next review of the SDR basket. (SDR)Special Drawing Right 特别提款权 reserve?asset?储备资产 executive board 执行董事 Words and Expressions 国际货币基金组织（简称：IMF）于1945年12月27日在华盛顿成立的。与世界银行同时成立、并列为世界两大金融机构之一，其职责是监察货币汇率和各国贸易情况，提供技术和资金协助，确保全球金融制度运作正常。其总部设在华盛顿。我们常听到的“特别提款权”就是该组织于1969年创设的。 Background Information 特别提款权（SDR），亦称“纸黄金”（Paper?Gold），最早发行于1969年，是国际货币基金组织根据会员国认缴的份额分配的，可用于偿还国际货币基金组织债务、弥补