Currency

This weekend China’s on-shore currency, the RMB, was included in the IMF's Special Drawing Rights (SDR).  China’s currency inclusion to the SDR means the SDR’s value will be reset.   What does China's Currency Being In The Special Drawing Rights Mean? Special Drawing Rights (SDR’s) are a...

5 Things To Know about IMF & China China was seeking IMF approval to be part of the Special Drawing Rights at the last IMF meeting.  Prior to the upcoming IMF's meeting in Lima, Peru in October 2016 the IMF agreed China could re-approach the discussion in October 2016....

The 2015 IMF Meeting is currently underway in Lima, Peru. There was much anticipation regarding an announcement slated for October 20th regarding The IMF SDRs & China. China would like to join the currencies which make up the IMF’s Special Drawing Rights (SDR).  The IMF notified China in...

What does Fiat Currency mean? Fiat Currency Defined: fi·at [fee-aht, -at; fahy-uh t, -at] noun fiat; plural noun: fiats a formal authorization or proposition; a decree. "The King ruled by fiat”, “A political union imposed through imperial fiat”   An arbitrary order. “By royal fiat”  Fiat currency defined: Fiat currency is legal tender, not backed...