IMF data shows limited adoption of renminbi as global reserve

Latest Cofer findings reveal renminbi holdings accounted for 1.07% of global FX reserves at end-2016

China stocks
Redback share: holdings in the renminbi stood at $84.51 billion globally – 1.07% of total allocated reserves

The Chinese renminbi has seen a lacklustre debut on the global stage, accounting for just over 1% of global foreign exchange reserves in the fourth quarter of 2016, according to the Internationa