WASHINGTON, Nov. 30 (Xinhua) -- The International Monetary Fund (IMF)'s executive board on Monday approved the inclusion of China's currency renminbi (RMB) in its Special Drawing Rights (SDR) basket as an international reserve currency. Here is the Q&A on this year's SDR review published on the IMF website. Q1: What is the SDR? The SDR is an international reserve asset created by the IMF in 1969 to supplement its member countries' official reserves. Its value is currently based on a basket of four major currencies (U.S. dollar, euro, Japanese yen, and British pound). The basket will be expanded to include the RMB as the fifth currency, starting on Oct. 1, 2016 once the new basket of...
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