Today's announcement that the International Monetary Fund is to add the Chinese renminbi to its list of reserve currencies is a lot more significant than that slightly arcane description might suggest ...
(1) The value of the U.S. dollar in terms of the SDR is the recip rocal of the sum of the dollar values, based on market exchange rates, of specified quant ities of the first four currencies shown.
The International Monetary Fund’s global reserve asset, the Special Drawing Right, is one of the most underused instruments of multilateral cooperation. Turning it into a true global currency would ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback