IMF Seen Approving Yuan As “Reserve Currency”…(Adios PetroDollar!!)

Friday, October 23, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
10/23/2015

Just a few short weeks after The IMF appeared to snub China by delaying its decision on Yuan inclusion in the SDR basket, Bloomberg reports that Otaviano Canuto, executive director at the IMF for 11 countries including Brazil, said “prospects for approval seem to be favorable,” adding that the story “is going in the direction of the renminbi becoming a necessary component of the SDR.” China is taking that as a ‘yes’ and is preparing statements celebrating IMF SDR approval.

The Rest…HERE

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