G20 leaders closer on agreeing greater global role for Chinese currency

Friday, April 1st 2011 - 00:03 UTC

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G20 leaders have moved towards agreeing that China's currency should have a wider role in global finance. The G20 is to study whether to include the Chinese Yuan within the basket of currencies that make up the IMF Special Drawing Right. Read full article

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Fido Dido
“Over time, we believe that currencies of large economies heavily used in international trade and financial transactions should become a part of the SDR basket,” he said. However, Mr Geithner said that for this to happen, governments would have to loosen their control of currencies.

And who shall have controll over the “SRD”?

SRD= another big ponzi scheme.

Controll your own money supply, Controll your own destiny.
Apr 01st, 2011 - 12:58 am - Link - Report abuse 0
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