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Showing 1 - 7 of 7 results for "Special Drawing Rights"

Chief economist update: China's great leap forward 70 years in the making

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
... on 1 October 2016 - making it the third reserve currency with a weighting of nearly 11% of the IMF's special drawing rights after the US dollar and the euro. It would have been celebrations all around but US President Donald Trump and the recent ...

And then there's gonna be five

BENJAMIN ONG  |  TUESDAY, 1 DEC 2015
... Japanese yen and the British pound in the International Monetary Fund's basket of reserve currencies known as Special Drawing Rights (SDRs) come 1 October 2016. Anti-climax because the IMF's official announcement was rendered moot after IMF head honha ...

Christmas in October

BENJAMIN ONG  |  MONDAY, 26 OCT 2015
... greater interest rate liberalisation - one of the IMF's pre-conditions in including the yuan in its SDR (Special Drawing Rights) basket of currencies. I'll give what they're giving. The ECB and the PBOC's latest moves could encourage the Bank of Japan ...

China puts another one in the bag

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2015
... that the IMF would have no recourse but to grant China's application for the inclusion the yuan in its special drawing rights (SDRs) basket of currencies... eventually. This, "Standard Chartered Plc estimated could trigger as much as $1 trillion of inflows ...

Liberalise economy or prepare for war, warns economist

JAMES FERNYHOUGH  |  THURSDAY, 11 SEP 2014
... said the consequence of such a crisis could be multiple reserve currencies, increased use and trading of special drawing rights, a return to the gold standard, and a rise in social unrest.

Economic round-up: Currency and commodities

SUZY MAC  |  TUESDAY, 3 JUL 2007
... its highest value since its float in 1985. The Australian RBA commodity price index fell 1.7 per cent in special drawing rights (SDR) terms in June, but is up 6.3 per cent year on year. The forecasts of the Australian Bureau of Agricultural and Resource ...

RBA index of commodity prices down 1.4%

AAP  |  TUESDAY, 2 MAR 2004
The Reserve Bank of Australia index of commodity prices in special drawing rights (SDR) terms fell 1.4% in February, according to preliminary estimates from the central bank. This follows a downwardly revised 2.1% rise in January. The largest contributors ...
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