Tuesday 1 December 2015

China currency to be included in SDR in Oct 2016 by IMF basket



Persistence is key…..in 2010 Yuan was rejected to be included in Special Drawing Rights by IMF, because they did not meet the criteria, but today the Chinese have done their home work, by ensuring that they have large exporters& trade and their financial status is on point that is usable.
The currency will be slightly higher than pound sterling and yen, Japanese currency

2 comments:

Max said...

China has always had a mission since 1996

Dora said...

Ok good for them but acceptability is what counts,i will rather use dollars than any currency,its more versatile