Payback for Hacking?

Reuters: IMF review recommends delaying currency basket adoption of yuan
The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.

...The report said the implementation of any formal decision to add the yuan to a basket of currencies comprising dollars, euros, pounds and yen should be delayed so as not to disrupt financial market trading on the first day of 2016.
Another year of deflation for China if it can manage it. Then another year at least, unless China wants to give the next president a great opening to pass protectionist trade measures.

No comments:

Post a Comment