There are only a few currencies that are members of the IMF’s ‘elite’ global currency club. So what are these currencies and are they stronger than the rest?
China’s Renminbi Is Approved by I.M.F. as a Main World Currency
“The Chinese renminbi was anointed as one of the world’s elite currencies on Monday, a milestone decision by the International Monetary Fund that underscores the country’s rising financial and economic heft.”
What Is Money?
“Money may make the world go around, as the song says. ”
“Total international reserves, including gold, grew by 2.3 percent in 2013 and stood at SDR 8.60 trillion at the end of 2013.”
IMF: China’s currency reforms are a good thing
“China’s unexpected move to allow the yuan to trade more freely is a step the right direction, but additional measures need to be taken, according to the International Monetary Fund.”
Music Track Courtesy of APM Music: “Continuity”
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