The Executive Board of the International Monetary Fund decided to include the Chinese currency, the renminbi (yuan), into its basket of currencies that make up the IMF's Special Drawing Right (SDR). The decision was taken during the IMF's five-yearly review of the basket of currencies. SDRs are artificial currency created to augment international liquidity. IMF has decided to include Yuan in the SDR basket with effect from October 1, 2016. The respective weights of the U.S. dollar, euro, Chinese renminbi, Japanese yen, and pound sterling are 41.73 percent, 30.93 percent, 10.92 percent, 8.33 percent.