The International Monetary Fund has decided that on November 30th, 2015 they will attempt again to include the Yuan into the elite currency basket. The decision is not final, yet. However Christine Lagarde, the mouthpiece, stated that she supports the Yuan inclusion.
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China has worked tirelessly to correct their “errors” that excluded it from the financial basket, and the elite banksters of the world believe it may be time to include the world’s largest economy into the basket.
Just last year, many witnessed China’s economic growth overtake the US’s growth. Will the world this year witness China become another reserve currency?
If that happens, then billions of dollars would change hands overnight and something drastic would begin to change for the USA.
Works Cited
KEITH BRADSHER. “I.M.F. Officials Back Inclusion of Renminbi in Fund’s Currency.” NY Times. . (2015): . . http://www.nytimes.com/2015/11/14/business/international/imf-officials-back-inclusion-of-renminbi-in-funds-currency.html?mwrsm=Email
AFP. “IMF experts recommend inclusion of Chinese yuan in elite currency basket.” Business Insider. . (2015): . . http://www.businessinsider.com/afp-imf-experts-recommend-inclusion-of-chinese-yuan-in-elite-currency-basket-2015-11
