The IMF has taken the position that it should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016. This seems to be political rather than economic. Then again, the IMF is acting far beyond what it was intended to do and is part of the Troika in Europe without any elected status whatsoever.
IMF says Yuan is not Ready for Prime Time
Posted Aug 5, 2015 by Martin Armstrong |
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