The stable exchange rate of RMB will play an active role in accelerating RMB's inclusion in the basket of the Special Drawing Rights (SDR), according to Zong Liang, vice director of Institute of International Finance of Bank of China, Securities Daily reported.

According to data released by China Foreign Exchange Trade System, the middle rate of RMB to USD is 6.1186 on August 5, 9 base points down from the previous trading day. Since this June, the middle rate of RMB to USD has fluctuated within a narrow range of 6.11.

Zhao Xijun, assistant dean of the School of Finance of Renmin University, said that RMB has been generally strong and stable since 2005 when China's central bank began to reform the mechanism for setting the RMB exchange rate. In the past 10 years, the accumulative appreciation of the nominal effective exchange rate of RMB is over 40 percent. We can say that comparing with most currencies, RMB is very stable, which helps improve the usage rate of RMB. In fact, the strong RMB has made great contribution to other currencies during the financial crisis in Southeast Asia in 1997 and the world financial crisis in 2008.

Zong Liang also said that a stable RMB exchange rate will be beneficial to the stability of global economy.

According to Wang Tao, chief economist of UBS China, RMB is expected to be included into SDR in principle within the year. However, due to technical reasons, RBM will probably be priced in the currency basket until next year.