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    China will join SDR sooner than it'll lower debt dependency

    Carol
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    China will join SDR sooner than it'll lower debt dependency  Empty China will join SDR sooner than it'll lower debt dependency

    Post  Carol Sun Aug 09, 2015 1:56 pm



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    With deepest respect ~ Aloha & Mahalo, Carol
    Carol
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    China will join SDR sooner than it'll lower debt dependency  Empty Re: China will join SDR sooner than it'll lower debt dependency

    Post  Carol Sun Aug 09, 2015 2:03 pm

    READ THIS link about the IMF & Chinese yuan.

    It's very interesting that the last line in this article states:

    "The IMF reviews the SDR basket valuation method every five years. The last time the currency basket was modified was in 2000, when the euro replaced France's franc and Germany's deutschmark."

    Therefore, it seems to me, if I've done my math correctly that the IMF is a little behind in their review of the SDR basket... what happened to 2005 and 2010 reviews?

    Is there an "exact" date, in every five years, that they normally would conduct the review?

    And if we backpeddle in that article it states:

    "The implementation of any formal decision to add the yuan to the IMF Special Drawing Rights (SDR) basket should be delayed till September 2016 to avoid disrupting financial market trading on the first day of the new year, the IMF said. "


    That just doesnt make sense... why wait for Septemeber 2016? Oh... I see it takes the "Reserve asset managers six months "notice" to adjust to the change?

    Hello? knock knock anyone in there? No wonder nothing gets done in this world.
    Crazy Happy


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    Carol
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    China will join SDR sooner than it'll lower debt dependency  Empty Re: China will join SDR sooner than it'll lower debt dependency

    Post  Carol Sun Aug 09, 2015 2:10 pm


    The Chinese Renminbi (RMB) will have to wait for a final decision on its inclusion as the fifth currency in the International Monetary Fund’s Special Drawing Rights (SDR) basket of reserve currencies. Concerns over the RMB’s inclusion remain despite Chinese authorities’ extensive measures to strengthen the domestic financial system since 2010.

    In initial discussions about the SDR review, held every five years, the IMF proposed an extension of the review until September 20, 2016. The adoption of the RMB as a reserve currency would have a significant effect on global markets, and thus the extension is seen as a needed measure for SDR users to make necessary changes. However, the IMF board stressed that the possible delay ought not be seen as indicative of the outcome of the review.


    Last edited by Carol on Sun Aug 09, 2015 2:40 pm; edited 1 time in total


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    Carol
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    China will join SDR sooner than it'll lower debt dependency  Empty Re: China will join SDR sooner than it'll lower debt dependency

    Post  Carol Sun Aug 09, 2015 2:38 pm

    Japan finance minister: would be desirable for yuan to become SDR currency
    http://uk.mobile.reuters.com/article/idUKKCN0QB2N020150807?irpc=932

    http://www.bloomberg.com/news/articles/2015-08-07/pboc-snuffs-out-yuan-movement-as-china-tackles-stock-market-rout

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    ClifF High
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    https://www.youtube.com/watch?v=RnafiyK3JMI&feature=youtu.be

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    http://www.bloomberg.com/news/articles/2015-08-07/china-s-stock-crash-is-spurring-a-shakeout-in-its-shadow-banks
    http://www.bloombergview.com/articles/2015-08-06/brazilians-debt-is-mostly-not-their-fault

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    http://www.bloomberg.com/news/articles/2015-08-07/boj-refrains-from-boosting-stimulus-as-kuroda-bets-on-rebound

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    http://www.reuters.com/article/2015/08/07/us-china-markets-funds-idUSKCN0QC01X20150807

    http://www.scmp.com/news/china/economy/article/1847285/china-markets-live-early-calls-price-forecasts-and-analyst-views

    Bullion Baron @BullionBaron
    Household debt fro  http://www.rba.gov.au/publications/smp/2015/aug/html/index.html
    http://www.visualcapitalist.com/60-trillion-of-world-debt-in-one-visualization/


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

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