Relevant:
- China fears depreciation of $2.45 trillion of reserves still heavy in dollars
- Bank of China Sydney branch issues 2 bln yuan bonds
- Frankfurt Open for Yuan Clearing as Liquidity Rises
- Top Chinese banker Guo Shuqing calls for wider use of yuan
- China "Attacks The Dollar" - Moves To Further Cement Renminbi Reserve Currency Status
2016-10-02 — theepochtimes.com
``Official SDRs can be redeemed for dollars, euros, yen, pounds, and soon yuan through the IMF. However, the new private SDR, or M-SDR as the IMF calls it, cannot. The new bonds represent a claim on the IBRD. Since the IBRD doesn't have any SDR assets, the repayment will also be in yuan, dollars, euros, yen, or pounds.''
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