SDR is the trend of RMB into

Kahn said that China's rapid economic development is to allow the yuan to enter the main driving force of SDR, but when talking about the yuan will be entering the ranks of the SDR basket of currencies, he said "the sooner the better." But he also stressed that the RMB exchange rate and the real market price before the realization of free-floating yuan is still difficult to go into a basket of currencies.


Kahn's comments come as no doubt the reform of the IMF, he had once been expected to push the reform with the IMF, China and other Asian emerging market countries in the IMF's role, the right will be increased accordingly. "I will have more reasons to support the inclusion of other currencies in the SDR, the renminbi will be a starting point."

Kahn also talked about the day of resumption of foreign exchange reform, he believes that because the RMB is still undervalued, I believe that the reform on the situation will naturally change. He said the appreciation of the renminbi in China's interest, but can not solve global trade and financial imbalances.

Relevant information, SDR is a supra-national reserve assets of the U.S. dollar, euro, yen and pound to a basket of currencies such as the composition, is an IMF member assigned to the right of use of funds. At present, SDR in U.S. dollars accounted for 44%, 34% euro, yen and sterling 11%, respectively.