Author Topic: IMF to Back Chinese Yuan as Reserve Currency, Is This True???  (Read 915 times)

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Offline Mountainman

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All,

Can anyone verify some internet chatter I happened upon from an unknown source that the IMF is backing the Chinese move to have the Yuan replace the US dollar as the world reserve currency??

The source was on facebook, not my first place to trust. Has anyone else heard of this move?? Any reliable sources to confirm or deny this story??

If true, this could be a major domino, to start a long chain-reaction of events.

Stay vigilant,

Mountainman.

Offline icrcc

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Re: IMF to Back Chinese Yuan as Reserve Currency, Is This True???
« Reply #1 on: March 28, 2015, 07:29:30 PM »
The current buzz word is "co-operate".

"International Monetary Fund chief Christine Lagarde has said the IMF would be "delighted" to co-operate with the China-led Asian Infrastructure Investment Bank (AIIB)."

http://www.bbc.com/news/business-32007090

http://www.ibtimes.com/adb-imf-world-bank-cooperate-china-led-asian-infrastructure-investment-bank-leaders-1855012

http://www.cnbc.com/id/102540352
It may never happen. Best to be prepared just in case.

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http://ontariopreparedness.com/

Offline Zed

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Re: IMF to Back Chinese Yuan as Reserve Currency, Is This True???
« Reply #2 on: March 29, 2015, 09:24:06 AM »
Why do I get the impression that the victory of WW III will be purchased by someone, and not actually fought with blood and guts?
I hope we get a good price for it...
“The enemy is anybody who's going to get you killed, no matter which side he is on.”
― Joseph Heller

Offline Henry

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Re: IMF to Back Chinese Yuan as Reserve Currency, Is This True???
« Reply #3 on: March 29, 2015, 01:21:52 PM »
As far as I know ENGLAND, FRANCE , GERMANY  and two days ago SOUTH KOREA  already joined the new currency.
It is the idea behind the BRICS group of countries. It will be activated in September


.
Henry

Offline Henry

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Re: IMF to Back Chinese Yuan as Reserve Currency, Is This True???
« Reply #4 on: March 30, 2015, 08:57:50 AM »
--Australia confirms it will join China's Asian investment bank


--Denmark applies to join China Asia invs. bank


--US secretary of treasury to visit China to check if US will be allowed to join the China Asian investm. bank.


Henry