A staff member displays the banknotes and coins included in the 2019 edition of the fifth series of the renminbi at an Industrial and Commercial Bank of China (ICBC) branch in Beijing, capital of China, Aug. 30, 2019. (Xinhua/Chen Yehua)
BEIJING, April 2 (Xinhua) -- The share of Chinese renminbi (RMB) reserves held by global central banks climbed to 2.79 percent during the fourth quarter of 2021, according to the Currency Composition of Official Foreign Exchange Reserves (COFER) survey revealed by the International Monetary Fund (IMF) on Thursday.
According to the COFER survey, the RMB continued to take the fifth place in the share of global foreign exchange reserves, with its share climbing from 2.66 percent in the third quarter of 2021 to 2.79 percent in the following quarter, a new high since the fourth quarter of 2016.
Some analysts said this partly reflects the enhanced role of the RMB in the global economy.
The total reserves of RMB, translated into U.S. dollars, have also seen an increase, rising from 320.15 billion U.S. dollars in Q3 of 2021 to 336.1 billion U.S. dollars in the Q4 of 2021, according to the IMF.
During the period, the U.S. dollar remained the dominant international reserve currency, with its share of 58.81 percent.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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