Progressive Radio Network

Special drawing rights

The elevation the Chinese renminbi (also known as the yuan) to the basket of global currencies making up the International Monetary Fund’s special drawing rights…
In spite of the fierce opposition of the US treasury Department, on November 30 the IMF finally approved the inclusion of the yuan in the…
After the devaluation of the yuan, the international financial markets started trembling. Washington accused Beijing of taking advantage of the market. As China wants to…
hock of all shocks, the IMF announced the Chinese yuan will not be admitted into the SDR until at least Sept. 2016. What exactly does…
Russia is about to take another major step towards liberating the Ruble from the Dollar System. Its Finance Ministry just revealed it is considering issuing…
Each step forward by the Chinese to make a foothold for the yuan is one step backwards for the grip the dollar has held over the…