The Chinese yuan will join a basket of the world's leading currencies, the International Monetary Fund announced Monday.
http://www.huffingtonpost.com/entry/chi ... 6578030740
"Ultimately China would like to see, as a number of countries would, the dollar end its reign as the global reserve currency," said Malcolm Polley, chief investment officer at Stewart Capital Advisors.
Read more at Reutershttp://www.reuters.com/article/2015/11/30/us-i ... Zhy8xBA.99
Money and china. Or how the IMF broke the bank
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paperburn1
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Money and china. Or how the IMF broke the bank
I am not a nuclear physicist, but play one on the internet.
Re: Money and china. Or how the IMF broke the bank
It would be good for a basket of currencies to replace the U.S. dollar as global reserve currency. That way the other countries can know the joys of the Triffin dilemma.
https://en.wikipedia.org/wiki/Triffin_dilemma
https://en.wikipedia.org/wiki/Triffin_dilemma
CHoff