Dragon enters SDR league; poses challenge to dollar-dominant trade

How the Chinese Central Bank manages with market forces in allowing them to determine currency valuation remains a real challenge By Sai Nikesh D Reflecting the relative importance of Chinese currency in the global trading and financial systems, the International Monetary Fund (IMF) on November 30 announced inclusion of the Chinese Renminbi (RMB) into the … More Dragon enters SDR league; poses challenge to dollar-dominant trade

Global growth rate to shoot up in 2015-16, Dollar to dip

Global growth rate is going to witness a rise in 2015-16, says a latest World Economic Report released by International Monetary Fund on January 20, 2015. By Sai Nikesh D According to the report, the percentage of global growth rate is going to rise to 3.7% in 2016, when compared to that of 3.5% in … More Global growth rate to shoot up in 2015-16, Dollar to dip