Chinese Yuan is given reserve currency status, says IMF
November 30, 2015 – China’s currency to have 10.92% weighting, topping the yen and the pound.
Lagarde says Chinese currency meets ‘freely usable’ standard. Continue reading “IMF Green Lights China’s Yuan” →
“If you put all this together, Eric, you have a case for gold. China is going to back their currency with gold.”
King World News reported yesterday that the IMF is about ready to approve the move and China is ready to step into the position of reserve currency status. What happens next we can guess.
READ THE ARTICLE HERE: http://kingworldnews.com/china-is-preparing-to-shock-the-world/