# The renminbi in the SDR basket and its future role in the international financial system | Bank for International Settlements

> A Bank for International Settlements speech by Peter Zöllner discusses the imminent inclusion of the renminbi in the IMF's SDR basket. It covers the SDR's history and the renminbi's progress toward reserve currency status.

- Date: 2016-06-20 · published 2016-06-20T12:00:00.000Z
- Category: policy · region Global · magnitude low
- Page: https://feedsoft.ai/events/10883-the-renminbi-in-the-sdr-basket-and-its-future-role-in-the-international
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

SDR inclusion is a structural currency development with limited near-term effect on feed commodity prices or flows.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-06-10 | [Situation and development of China's foreign exchange market \| Bank for International Settlements](https://feedsoft.ai/events/46817-situation-and-development-of-china-s-foreign-exchange-market-bank-for.md) | +0.2% | +1.6% |
| USDCNY | 2017-04-27 | [China to push yuan internationalization, free trade: central bank official](https://feedsoft.ai/events/71710-china-to-push-yuan-internationalization-free-trade-central-bank-official.md) | +0.1% | -0.1% |
| USDCNY | 2020-01-17 | [Phase One, Wall Street and the renminbi \| Capital Economics](https://feedsoft.ai/events/55312-phase-one-wall-street-and-the-renminbi-capital-economics.md) | +0.6% | +1.6% |
| USDCNY | 2020-10-28 | [Yuan eases after China tweaks fixing formula to rein in strength \| Financial Post](https://feedsoft.ai/events/50848-yuan-eases-after-china-tweaks-fixing-formula-to-rein-in-strength-financial-post.md) | -0.4% | -1.9% |
| USDCNY | 2020-10-24 | [Yuan-USD-RMB FX News and Analysis: China's Strategy for Renminbi - Bloomberg](https://feedsoft.ai/events/50850-yuan-usd-rmb-fx-news-and-analysis-china-s-strategy-for-renminbi-bloomberg.md) | +0.1% | -1.5% |

## Sources

- bis.org: https://www.bis.org/speeches/20160620-renminbi-sdr-basket-and-its-future-role-international-financial-system

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.