On October 1, 2016, with the approval of the International Monetary Fund,\nthe RMB officially joined the SDR currency basket, which not only recognized\nthe international status of RMB, but also injected new vitality into the\ndevelopment of the world economy. SDR interest rate is an important part of\nSDR valuation and pricing. Based on the background of RMB entering the\nSDR currency basket, this paper divides the study period into three parts to\nanalyse the impact of RMB enter the basket on the SDR interest rate: a complete\nreview period before the RMB included; the IMF announced that it will\naccept the RMB but not yet; and the RMB is officially â??add to the basketâ?. The\nresults of the study show that RMBâ??s participation in the SDR basket significantly\nimproves the SDR interest rate level, helps to improve the stability of\nthe SDR interest rate and the representation of the SDR interest rate to the\nglobal economy, and is expected to help build a new order in the international\nmonetary system.
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