Tag "reserve currency"

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Asia Pacific Economics

Yuan’s accession marks end to any containment of China

With the recent IMF decision to grant China’s currency the status of reserve currency, any attempts to “contain” China are over. China has taken a major step in confirming its

Finance International

Is the time ripe for a new global reserve currency?

China’s push for the adoption of a super-sovereign reserve currency points to a possible larger role for IMF’s Special Drawing Rights (SDR). The current international monetary system is a historical

Finance International

US Decline Series: Are the dollar’s days as reserve currency numbered?

Despite speculation that the days of the US dollar as the world’s reserve currency will soon be over, a number of factors make such a changing of the guard unlikely. This

Finance International

Ruble to spread in global market

Russia is facing many economic problems and has seen its currency, the ruble, drop to record-low levels. Nevertheless, policy makers in Russia and abroad may help to strengthen the Ruble’s