Inclusion of yuan into the basket of SDR - its prospects in a new way

Almaty. December 2. Silkroadnews - On November 30 IMF's Executive Board decided to include the Chinese yuan in the basket of reserve currencies (special drawing rights, SDR), so the yuan became the fifth currency with the dollar, euro, Japanese yen and British pound.
The share of the yuan in the SDR basket is 10.92%, while the dollar, the euro, the Japanese yen and British pound falls to 41.73%, 30.93%, 8.33% and 8.09% respectively. The decision shall enter into force on 1 October 2016.
According to the newspaper "People's Daily", experts believe that the inclusion of the yuan in the SDR is a significant progress in reforming of the international monetary and financial system, as well as greatly enhance the status of the yuan and give a powerful impetus to the process of internationalization of the RMB.
Moreover, after inclusion of the yuan in the SDR basket, the RMB exchange rate may become more complicated and confusing. Some experts believe that the accession of the renminbi in the SDR will encourage investors to buy assets of all countries in RMB, this will form the effective support of the RMB exchange rate. Other experts believe that the inclusion of the yuan in the SDR can not change the forecasts to reduce the exchange rate of the yuan-dollar.
In addition to the impact on the currency markets, according to some analysts, the inclusion of the yuan in the SDR basket will cause a new round of rebound type shares that will benefit industries and sectors such as finance, real estate, the initiative "One belt one way" and others.