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  • IMF said to give China strong signs of Yuan as reserve currency

What?
Reserve currency yuan when PoBC keep devaluing it?
You reserve it IMF. lol
You cannot learn better without losing
lol...when there is nothing to say just SHOUT UP IMF
  •  Guest
  • | IP XX.XXX.156.55
Doesn't make any sense. Yuan is controlled by the Chinese Government.

Can you please give the link of the news article. This is highly unlikely.

currently IMF only has 4 currencies.
Premier Li gave Lagarde lots of (fake) LV bags for sure
That is the most retarder statement from the IMF this year. China just fudge their GDP to alleviate fears in their stock markets .......what is next miss IMF ???
http://www.bloomberg.com/news/articles/2015-10-23/imf-said-to-give-china-strong-signs-of-reserve-currency-blessing
What is so hard to believe about China and a reserve currency status?

China is already a MAJOR player in the IMF's SDR currency support. It is most likely that the Special Drawing Rights (SDR) currency of the IMF will be the world currency when the USA falls flat on its guts.

The USA has been delinquent in buying its 100 Billion share of the SDR for YEARS. China has been very quick to take up its responsibility and PAY CASH.

China's economy is THE driver in world GDP. And the USA has been the drain.

The USA is only useful for blowing shit up and human slaughter.

China has been THE consistent driver of global growth.

Get a BRAIN people.
Quoting dancingphil
What is so hard to believe about China and a reserve currency status?

China is already a MAJOR player in the IMF's SDR currency support. It is most likely that the Special Drawing Rights (SDR) currency of the IMF will be the world currency when the USA falls flat on its guts.

The USA has been delinquent in buying its 100 Billion share of the SDR for YEARS. China has been very quick to take up its responsibility and PAY CASH.

China's economy is THE driver in world GDP. And the USA has been the drain.

The USA is only useful for blowing...



And you believe all the shit that comes out of China ....
I've LIVED here for the past nearly 9 years. Do I believe ANY stats by ANY Govt, no I don't.

But with my own eyes I see how much massively larger the Chinese GDP is than is reported, because it is mostly a cash-cash society here, grossly under-reported, gross under-taxed, grossly under-stated.

All you fools love to think you live in a free society of Australia, USA, the UK etc.

But I have NEVER felt safer than I do in China. As an Aussie, I'd NEVER go for a 2 hour walk at 3am in Australia. In China, I never had a second thought about it.

Instead of being played by the media mate, you should travel and LIVE here to be qualified to make a comment.


Quoting fxx360
And you believe all the shit that comes out of China ....
@ dancingphil.....so glad there is someone else that sees through the BS....up the aussies and NZ and My land S.A. The rugby giants...
clasgolf
Quoting dancingphil
I've LIVED here for the past nearly 9 years. Do I believe ANY stats by ANY Govt, no I don't.

But with my own eyes I see how much massively larger the Chinese GDP is than is reported, because it is mostly a cash-cash society here, grossly under-reported, gross under-taxed, grossly under-stated.

All you fools love to think you live in a free society of Australia, USA, the UK etc.

But I have NEVER felt safer than I do in China. As an Aussie, I'd NEVER go for a 2 hour walk at 3am in Australia. In China, I never had a second thought about it.

Instead...
Agree totally, China is in a very strong position compared to the rest of the globe.
  •  Guest
  • | IP XXX.XX.69.183
Quoting dancingphil
I've LIVED here for the past nearly 9 years. Do I believe ANY stats by ANY Govt, no I don't.

But with my own eyes I see how much massively larger the Chinese GDP is than is reported, because it is mostly a cash-cash society here, grossly under-reported, gross under-taxed, grossly under-stated.

All you fools love to think you live in a free society of Australia, USA, the UK etc.

But I have NEVER felt safer than I do in China. As an Aussie, I'd NEVER go for a 2 hour walk at 3am in Australia. In China, I never had a second thought about it.

Instead...
Are you kidding me? I live in Shanghai and practically never use cash, same for my Chinese friends. We all use Alipay, Tenpay and Unionpay everywhere! Old people in the countryside may use cash predominantly but that isn't true for people most people living in cities nowadays.

As for the US, it is still a better economy than China. Yes China is growing but it is nowhere near as complex or sophisticated as the US. No country is, in fact. Heck if you look around China practically everything they use was invented by Americans or Westerners and the locals crave everything Western.
Quoting Guest
Doesn't make any sense. Yuan is controlled by the Chinese Government.

Can you please give the link of the news article. This is highly unlikely.

currently IMF only has 4 currencies.
My fellow trader if you are unaware of the move to have the Chinese Currency as a reserve currency fundamentals are not a part of your trading process. No link necessary simply google and read for back story read BRIC basket The dominance of the US dollar is slowly being eroded and when 1 trillion dollars are converted to the Chinese currency the real differences will be apparent .
Trading Consultants Inc JJG
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  •  Guest
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  • Story Stats
  • Posted: Oct 23, 2015 10:47am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 14  /  Views: 5,478