Russia may reduce presence on EU energy markets in next 20 yearsBusiness & Economy June 29, 8:48
Top military brass baffled by UK defense chief’s remarks about Russian warshipRussian Politics & Diplomacy June 29, 8:20
FIFA president lauds Confederations Cup semi-final match as incredibleSport June 29, 7:38
Chile edges Portugal with 3-0 penalty shootout win for 2017 FIFA Confederations Cup finalSport June 29, 1:38
Telegram included in register of Internet information distributorsBusiness & Economy June 28, 20:56
Putin points to growing activities of foreign secret services against RussiaRussian Politics & Diplomacy June 28, 20:36
FIFA chief Infantino to attend Chile-Portugal 2017 Confederations Cup semis match in KazanSport June 28, 20:27
Lavrov expects US to refrain from creating pretexts for new attacks on SyriaRussian Politics & Diplomacy June 28, 20:09
Top diplomat says Germany willing to open new chapter in relations with RussiaWorld June 28, 19:28
WASHINGTON, October 1. /TASS/. China for the first time began to report its official foreign exchange reserves to the International Monetary Fund (IMF). According to IMF Director of the Communication Department Jerry Rice, China participates in the survey of COFER (Composition of official foreign exchange reserves) - IMF database, which reflects the structure of official foreign exchange reserves of 146 member countries.
According to the information about the second quarter of this year, China's total reserves, which have been reported to the IMF amounted to $11.5 trillion. In the first quarter the amount was smaller - $11.4 trillion. the share of the US dollar significantly increased in the total reserves volume - to 58.2% against 53% in the previous report.
At the end of the year the IMF should complete the next review of the basket of reserve currencies, which will be used by the Fund to form its own calculation unit - the so-called "Special Drawing Right" (SDR). As of now, the basket consists of the US dollar, the euro, the pound sterling and the yen. China, which has the second largest economy in the world, relies on the inclusion of the yuan in the basket.