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China Seen Winning IMF Reserve-Currency Endorsement in 2015 – Bloomberg Business

China’s goal to attain endorsement of the yuan as a reserve currency will be achieved this year, according to most economists surveyed by Bloomberg.

Eleven out of 16 polled by Bloomberg in the June 18-24 period predict the International Monetary Fund will add the Chinese currency to its Special Drawing Rights basket at a review in […]

57 countries to sign China-led Bank charter on Monday | The BRICS Post

The Asian Infrastructure Investment Bank (AIIB) is the first major global financial instrument independent from the Bretton Woods system. Currently all countries in the world except Iran, North Korea and Cuba have central banks controlled by this system that in-turn control all other government and private banks within their countries. The AIIB presents a new […]

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