Emailed To Recaps
Jester Tuesday PM Chat 10-04-16 Part 2 of 2
[JESTER] IMF agrees to include China's RMB in benchmark SDR currency basket
[JESTER] The International Monetary Fund agreed Monday to add the Chinese yuan to its reserve currency basket. The decision — which marks another step in China's global economic emergence — came after the IMF evaluated the Asian nation's standing as an exporter and the yuan's role as a "freely usable" currency.
In a statement, IMF Managing Director Christine Lagarde noted the yuan's inclusion is a "clear representation of the reforms" taking place in China.
[JESTER] WE KNOW THAT HAPPENED.. WE REPORTED IT AT THE TIME... HERE IS THE REST.... http://www.cnbc.com/2015 ••• ket.html
[JESTER] 6 NOW IF YOU KNEW YOU WERE A SHOE IN FOR THE IMF RESERVE CURRENCY BASKET... AND YOU KNEW THAT THE SDR WOULD BE ASSET BACKED.... (WHICH IS ANOTHER STORY FOR LATER)....
AND YOU HAD TIME TO DO IT... WOULD YOU LIKE YOUR CURRENCY TO BE WORTH MORE OR LESS?