According to data released by the International Monetary Fund (IMF) on the 29th, as of the fourth quarter of 2018, among the foreign exchange reserves held by the central banks of various economies, the proportion of RMB assets rose to 1.89%, surpassing the Australian dollar and the Canadian dollar, creating the IMF. In October 2016, it reported the highest level since the RMB reserve assets.
According to the latest official foreign exchange reserve currency published by the IMF, quarterly data, as of the fourth quarter of last year, the RMB foreign exchange reserve assets amounted to approximately 202.79 billion US dollars, accounting for 1.89% of the world's official foreign exchange reserve assets, accounting for 1.62% higher than the Australian dollar and the Canadian dollar. 1.84%.
The data also shows that as of the fourth quarter of last year, the global official foreign exchange reserve assets were about 10.73 trillion US dollars. Among them, the proportion of US dollar assets fell to 61.69%, falling for the third consecutive quarter; the proportion of euro assets rose to 20.69%, the highest level since the fourth quarter of 2014.
Analysts believe that the proportion of the renminbi in the global central bank's foreign exchange reserve assets rises, reflecting the increased interest in holding renminbi assets by the global foreign exchange reserve management institutions after the renminbi was included in the IMF SDR currency basket at the end of 2016. The reduction will help promote the diversification of foreign exchange reserve assets.
At present, 149 countries and regions voluntarily report the composition of the official foreign exchange reserve currency to the IMF. The IMF lists the total amount of foreign exchange reserves held by members in US dollars, Euros, British Pounds, Japanese Yen, Swiss Francs, Australian Dollars, Canadian Dollars and RMB 8 currencies. Since October 2016, the IMF has separately listed RMB assets in the quarterly survey of the official foreign exchange reserve currency to reflect the holding of global RMB foreign exchange reserves.
A hydraulic jack cylinder is a component of a hydraulic jack system that is responsible for generating the lifting force.
It consists of a cylindrical tube with a piston inside it. The piston is connected to a rod that extends out of the cylinder.
When hydraulic pressure is applied to the cylinder, it pushes the piston and rod forward, creating a lifting force.
This force can be used to lift heavy objects or vehicles. Hydraulic jack cylinders are commonly used in automotive repair shops,
construction sites, and other applications where heavy lifting is required.
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