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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (112958)	8/18/2015 12:16:55 AM
From: Snowshoe	Respond to of 219785

This western commentator predicts yuan will be added to SDR in September 2016... Opinion: China’s switch on yuan reinforces bid to join elite currency club marketwatch.com Last week’s roller-coaster decline of the yuan (also known officially as the renminbi) against the dollar USDCNY, +0.2236% was widely portrayed as a “devaluation” that could disrupt world capital markets and possibly derail Beijing’s plan to become part of the International Monetary Fund’s composite currency unit. However it is more probable that the adjustment in the dollar-yuan link forms a central element in an orchestrated strategy with the IMF that increases the likelihood that the yuan will indeed join the SDR, in a decision that would be implemented in September 2016. ***** By becoming the fifth currency in the SDR — after the dollar BUXX, +0.01% , euro EURUSD, -0.0271% , sterling USDGBP, -0.0192% and yen USDJPY, +0.05% — the yuan would formally join an elite reserve-currency club, reinforcing Beijing’s global financial and monetary clout. Many observers appear to have failed to realize that, if the yuan is to become a reserve currency, then Beijing will have no choice but progressively to relinquish the peg with the dollar that started already to loosen in 2005. Since then the Chinese currency has appreciated by 30% against the dollar, against last week’s fall of 3%.

To: carranza2 who wrote (112958)	8/21/2015 4:20:35 AM
From: TobagoJack	3 Recommendations Recommended By Arran Yuan dsv nicewatch Read Replies (2) \| Respond to of 219785

summer over kids back to school erita in new middle school grade 6 signed up for some electives, readied ipad, ipod, and mac, cloud this and network that, all to better learn ... and re-engaged w/ some friends from two earlier schools and meeting new friends also, still dancing, and painting below from yesterday's effort some blobs ... and doodling

To: carranza2 who wrote (112958)	11/30/2015 4:33:58 PM
From: Snowshoe	1 Recommendation Recommended By dvdw© Read Replies (3) \| Respond to of 219785

It's official... IMF Approves Reserve-Currency Status for China's Yuan bloomberg.com November 30, 2015 — 8:06 AM AKST It’s the first change in the SDR’s currency composition since 1999, when the euro replaced the deutsche mark and French franc. It’s also a milestone in a decades-long ascent toward international credibility for the yuan, which was created after World War II and for years could be used only domestically in the Communist-controlled nation. The IMF reviews the composition of the basket every five years and rejected the yuan during the last review, in 2010, saying it didn’t meet the necessary criteria. ***** The addition will take effect Oct. 1, 2016, with the yuan having a 10.92 percent weighting in the basket, the IMF said. Weightings will be 41.73 percent for the dollar, 30.93 percent for the euro, 8.33 percent for the yen and 8.09 percent for the British pound. The dollar currently accounts for 41.9 percent of the basket, while the euro accounts for 37.4 percent, the pound 11.3 percent and the yen 9.4 percent.