Beijing time on December 1, 2015, the International Monetary Fund (IMF) announced that approval of RMB to join the special drawing rights (SDR) currency basket. The resolution will take effect on October 1, 2016. Approval of RMB to join SDR or allow more countries to be assured that the RMB into their own foreign exchange reserves.
According to information the current SDR basket of currencies including the U.S. dollar, euro, yen and pounds, the RMB will become the fifth currencies. It is reported that the proportion of the basket of currencies will be adjusted to: $41.73%, the euro accounted for 30.93%, the RMB accounted for 10.92%, the yen accounted for 8.33%, pounds accounted for 8.09%.
RMB join the SDR has a lot of benefits. After becoming the international settlement currency, the RMB can circulate in the world. For ordinary people who traveling, shopping, study, home shopping don\'t have to go the action of complex swap processes, they can be directly with the RMB settlement, greatly facilitate the public living abroad. Especially for a large number of overseas online shopping users, after the purchase don’t find a purchasing agency, after the RMB join SDR will gradually achieve domestic and foreign prices show no different.
So, what is the effect of the RMB into SDR for the printing industry?
First, the RMB into SDR, marked the international community to return to China\'s economic development and recognition of the status of the RMB further enhance. This will promote the growth of China\'s economy at a macro level. For the national economy and the people\'s livelihood, and long-term dependence on economic growth in the printing industry, its positive significance is self-evident.
Second, the inclusion of SDR, not only will help the domestic financial reform and opening up, but also to the Chinese manufacturing industry and other entities to provide the opportunity to integrate financial resources, from a certain extent, can reduce the financing costs of the real economy. For many printing equipment manufacturing and printing enterprises, will help ease the current difficulties in financing and other issues, which promote the future development of enterprises.
What is SDR?
1969年，国际货币基金组织(IMF)首次提出特别提款权(SDR)这一概念，SDR是成员国除“普通提款权”外在IMF可以获得的储备资产补充。人民币被IMF纳入SDR篮子货币，意味着人民币成为了真正意义上的世界货币，也标志着IMF首次将一个新兴经济体货币作为储备货币。越来越多的国家也将认可和接受人民币。
In 1969, the International Monetary Fund (IMF) for the first time to propose the concept of SDR (SDR), the member states in addition to the \"ordinary drawing rights\" external IMF can obtain the reserve assets. The RMB was incorporated into the SDR basket of currencies, which means that the RMB has become a real world currency, and also marks the first time IMF will be a new economic currency as a reserve currency. More and more countries will also recognize and accept the RMB.
