Saturday, October 24, 2015

IMF Intends to Make Yuan A 'Reserve Currency'



After World War II, the US Dollar was made the reserve currency, now, welcome the Yuan.  When I was in college, about 2003, my economics professor said it was only a matter of time before this happened.  Well, here we are 12-years later.

http://www.bloomberg.com/news/articles/2015-10-23/imf-said-to-give-china-strong-signs-of-reserve-currency-blessing

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