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The decision was made on November 30, 2015 during the SDR basket valuation review which is carried by the IMF each five years. The inclusion of the RMB means that it meets the criterion of a freely-usable currency. The decision will take effect on October 1, 2016 when the SDR basket will be expanded to five currencies with following weights: U.S. dollars (41.73), euro (30.93), RMB (10.92), the Japanese yen (8.33), and the British pounds (8.09).