rose to 2.79%! The renminbi's share of global foreign exchange reserves hit another record high.

the RMB's position as the official reserve currency continues to be consolidated. According to the "official foreign exchange reserve currency composition (COFER)" data released by the International Monetary Fund (IMF) on March 31, local time, the proportion of RMB in COFER rose again in the fourth quarter of 2021, continuing to brush the new high since the IMF reported the data in the fourth quarter of 2016.

in the fourth quarter of last year, the proportion of RMB in global foreign exchange reserves rose from 2.66% in the third quarter of last year to 2.79%, ranking fifth in the world. This is also the highest level since the IMF began publishing RMB reserve assets in 2016.

the size of RMB reserves is also rising. IMF data shows that in the fourth quarter of 2021, the total foreign exchange reserves of the renminbi rose from 320.15 billion US dollars in the third quarter of last year to 336.1 billion US dollars.

to the fourth quarter of last year, the US dollar remained the largest reserve currency held by major central banks in the world. The dollar accounts for 58.81% percent of global foreign exchange reserves.

This article is fromshanghai securities news