The IMF, the SDR and the yuan explained
The IMF, the SDR and the yuan explained
www.cnbc.com

The International Monetary Fund's (IMF) Executive Board has included China's yuan, or renminbi as it's also known, in an exclusive group of currencies that make up the basket of the IMF's Special Drawing Rights (SDR).

Inclusion represents public acknowledgement of China's heft in the global economy. The U.S., a major investor in the fund, backed the move, as has the IMF's Managing Director Christine Lagarde.

Here's what you need to know about why this change matters to global markets.

over 2 years indicative neutral

Currency converter

Exchange rates

50000000 USD to INR
Kolkata, Republic of India.
100 RUB to AMD
Voronezh, Russian Federation.
1 PHP to JPY
Chula Vista, United States.
100 INR to SAR
Jeddah, Kingdom of Saudi Arabia.
25 JPY to PHP
Pasig City, Republic of the Philippines.
1 CNY to CAD
Guangzhou, People’s Republic of China.
1200 QAR to PHP
Doha, State of Qatar.
1 OMR to INR
London, United Kingdom of Great Britain and Northern Ireland.
1 USD to INR
Delhi, Republic of India.
1 USD to IDR
Surabaya, Republic of Indonesia.
2000 HKD to IDR
Central, Hong Kong Special Administrative Region.
100 PKR to SAR
Dammam, Kingdom of Saudi Arabia.
100 OMR to MYR
Jeram, Malaysia.
2 USD to BDT
Dhaka, Bangladesh.
1 QAR to INR
Doha, State of Qatar.
1 QAR to INR
Doha, State of Qatar.
100 KWD to INR
Kuwait City, State of Kuwait.
900 THB to CNY
Chongqing, People’s Republic of China.
900 THB to CNY
Chongqing, People’s Republic of China.
1 KWD to INR
Kuwait City, State of Kuwait.