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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: Metacomet who wrote (109915)1/19/2015 11:32:22 PM
From: elmatador  Read Replies (1) of 217592
 
Central banks have caught the renminbi fever, and are showing strong interest in investing part of their foreign-currency reserves in the Chinese currency, with more than 50 central banks now actively doing so either onshore or offshore.
...
If the renminbi were to be included in the IMF’s Special Drawing Rights (SDR) reserve asset (effectively a basket of reserve currencies), which is up for review next year, it would be a significant step up for renminbi internationalization.

French, Swiss central banks swell rush to hold renminbi
blogs.ft.com
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