The Government of China has announced that in 2015 China will remove certain Currency Controls to permit Capital Convertibility and move to make the Yuan a global Reserve Currency!
Over the weekend, at the Chinese Development Conference, the Minister of Commerce, as reported on CCTV, the international TV Channel, that in 2015 they will internationalize the Chinese Yuan. They will permit Capital Convertibility a prerequisite for the Chinese Yuan [Renminbi] to become a global reserve currency. This will make it eligible to be a currency that makes up the I.M.F.’ Special Drawing Right, the IMF designed Currency in which they value gold, etc. The currencies that make up the S.D.R. currently are the nbso online casino reviews U.S. dollar, the Pound Sterling, the euro and the Yen.
We repeat that these plans are to be executed in 2015!
Many believed this would not come for several more years still, but 2015 is the year when this will happen.
[We will be publishing a full article on this, in coming issues of the Gold and Silver Forecasters.]