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SECTION NEWS

Chinese yuan recognized 5th world currency

01/10/16 09:09, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

From today, the Chinese yuan has officially become the 5th world currency. The currency joined the Special Drawing Rights of the International Monetary Fund.

Now the basket of special drawing rights (SDR) consists of five world currencies: the US dollar, euro, the Chinese yuan, Japanese yen and British pound sterling. IMF credited China's request on November 30, 2015.

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 It should be noted that initially IMF currency basket had 16 currencies, but in 1981 their number was reduced up to 5 major: the US dollar, German mark, French franc, British pound and Japanese yen. In 2000, the mark and franc gave way to the new European currency - euro. Now the composition includes a fundamentally new currency. In addition, yuan took the third place in the basket with a share of 11 percent. Dollar's share in the composition of SDR is 40 percent, share of euro decreased from 37 to 31 percent.


URL: http://eng.24.kg/finansy/182191-news24.html
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Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


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05.02.2017
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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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