IMF data shows limited adoption of renminbi as global reserve

Latest Cofer findings reveal renminbi holdings accounted for 1.07% of global FX reserves at end-2016

China stocks
Redback share: holdings in the renminbi stood at $84.51 billion globally – 1.07% of total allocated reserves

The Chinese renminbi has seen a lacklustre debut on the global stage, accounting for just over 1% of global foreign exchange reserves in the fourth quarter of 2016, according to the International Monetary Fund.

The IMF’s currency composition of official foreign exchange reserves (Cofer), which identified holdings in the Chinese currency for the first time, shows $84.51 billion worth of renminbi was reported to be held globally, representing 1.07% of total allocated reserves. In comparison, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: