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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“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.Apr 01st, 2011 - 12:58 am - Link - Report abuse 0
And who shall have controll over the SRD?
SRD= another big ponzi scheme.
Controll your own money supply, Controll your own destiny.