Tag Archives: reserve currency

RMB on way to becoming global reserve currency: IMF official

With China’s economy gaining global strength, the renminbi is set to become a global reserve currency, Zhu Min, deputy managing director of the International Monetary Fund, said Tuesday at an…

The Connection Between White House Cyber Attacks and Global Reserve Currency

According to an anonymous White House official that spoke to mainstream media, yet acknowledged that they were not authorized to speak about the subject, referred to an attempt to hack into the…

Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings

The last time we looked at monthly Chinese imports of gold from Hong Kong in 2012, the comparable country in question was Portugal (whose citizens, if not central bank, incidentally have run out…