Posted inBusiness, Opinion, Politics & Protest

IMF breaks its own rules by adding China’s yuan to reserve-currency basket

Via HowardWinnReports.com: By admitting China to the exclusive club of countries that make up its reserve basket of currencies, the International Monetary Fund (IMF) is breaching its requirement that currencies should be freely traded. One reason for this is that the IMF thinks its control of the global financial system is more assured with China at […]