Focusing on Special Drawing Right

Yi Gang, deputy governor of the People's Bank of China, the central bank, speaks on Friday at a seminar on the role of the Special Drawing Right (SDR) in the international monetary system held in Washington during the 2017 IMF/World Bank annual spring meeting.

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries' official reserves. The value of the SDR is based on a basket of five major currencies — the US dollar, euro, the Chinese renminbi (RMB), the Japanese yen, and pound sterling. The RMB was included in the basket starting Oct 1, 2016.Chen Weihua/China Daily