IMF to make Chinese yuan reserve currency in historic move [1] – Sent in by G.G.
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Items from Mr. Econocobas:
China’s Yuan Approved by IMF for Special Basket Currencies [2]– My question is, say the Yuan makes up 10% of the SDR, where does that 10% come from? The U.S. Dollar or who? How does that effect that currency(s) that is reduced?
Hyperinflation Watch: Kazakhstan Unveils New 20,000 Tenge Banknote [3]
Items from Professor Preponomics:
Negative Interest Rates in Switzerland Have Economists Proposing Scary Scenarios: Should Cash Be Abolished? [4] (Business Insider)
Trouble is Brewing in the Paper Markets for Gold and Silver [5] (FXStreet)
It’s Getting Worse in Houston [6] (Business Insider)
Here’s a Good Reason to Pay for Your Holiday Gifts in Cash: Sophisticated Malware Designed to Steal Your Data and Money [7] (Market Watch)
Fed’s Tarullo to Biggest Banks: Stress Tests Likely to Get Harder [8] (Wall Street Journal)
Why Defense Acquisition Has a Need for Speed [9] (Heritage)
NYSE Boots National Bank of Greece [10] (24/7WallSt)
How Hedgies Plundered Greek Banks [11] (Contra Corner)
Greek Bank Stress Tests Leave Something to be Desired [12] (Forbes)