...Maybe currency 1st?... SDR is a basket of currencies (the new Oct 1st iteration will be 41.73% US dollars, 30.93% euro, 10.92% yuan, 8.33% yen, and 8.09% sterling). China's IMF SDR current member quota allocation is:
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
0
China
30,482.9m
6.46%
Xiaochuan Zhou
306,282votes
6.14%
...IMF allows & conducts 'in house' trading of SDR's between members. Those that drawdown on their quota pay interest, those members that have excess of their quota receive interest on the surplus. Interestingly, IMF accepts Bullion as well as 'recognised' Sovereign currencies other than that of the debtor country, as interest payment. Below is PBOC 1st report where it defines it's designated SDR Foreign Reserve holdings but not how much each of the current basket of USD, EU, YEN, GBP nor whether any of it adds to their IMF quota & potentially earns interest.
Though PBOC did not mention it, introducing a SDR-denominated data will help to improve the Chinese Yuan's role as well, as the currency has been approved to be included in the SDR basket last November. On October 1, 2016, Yuan will officially join the basket.
- China's foreign reserves increased $10.258 billion to $3.3126 trillion in March, the first increase since November 2015. The March 2016 foreign reserves were 2.28 trillion in SDR.
