IMF to make Chinese yuan reserve currency in historic move – Sent in by G.G.
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Items from Mr. Econocobas:
China’s Yuan Approved by IMF for Special Basket Currencies– 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?
Items from Professor Preponomics:
It’s Getting Worse in Houston (Business Insider)
Fed’s Tarullo to Biggest Banks: Stress Tests Likely to Get Harder (Wall Street Journal)
Why Defense Acquisition Has a Need for Speed (Heritage)
NYSE Boots National Bank of Greece (24/7WallSt)
How Hedgies Plundered Greek Banks (Contra Corner)