The Phaserl


SDR Was Hoped to be GLOBAL CURRENCY: Can China’s Currency go International?

from CCTV News:

China is in the midst of a major push to add the RMB to the International Monetary Fund’s basket of currencies. But what would adding China’s currency to the Special Drawing Rights (SDR) system really mean? And does this put China one step closer to having a truly international currency? Charles Dallara from the Institute of International Finance and Xiang Songzuo of the International Monetary Institute join us in the studio for an in-depth discussion on China’s fiscal future.

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