579 reactions · 145 shares | The Chinese yuan is now included in the IMF’s special drawing rights basket, which also holds the euro, US dollar, UK pound and Japanese yen. The special drawing rights, or SDR, basket was created to supplement existing reserves of IMF member nations to help boost global financial liquidity. The basket is reviewed every five years to determine if new currencies should be added. Watch the video to know what the SDR is and how it works. | CGTN | Facebook
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579 reactions · 145 shares | The Chinese yuan is now included in t…
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119 reactions · 61 shares |  IMF member countries are receiving their shares of new SDRs, of about US$650 billion today! This is a shot in the arm for the world and will help bolster confidence and strengthen the resilience of the global economy. https://www.imf.org/en/News/Articles/2021/08/23/pr21248-imf-managing-director-announces-the-us-650-billion-sdr-allocation-comes-into-effect | International Monetary Fund | Facebook
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119 reactions · 61 shares |  IMF member countries are receiving th…
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