11.4.16

SDR, new composition

We have written some posts related to IMF´s SDR (Special Drawing Rights), which is basically a currency basket. SOME SEE THE SDR AS THE FUTURE RESERVE CURRENCY and steps are being made to achieve this goal. The first one was the inclusion of the Chinese currency in the SDR by October 2016.

Please, compare:

The plan (SDR becoming World´s reserve currency) might be accelerating due to the global crisis. Owning gold can help to hedge this financial event.