The International Monetary Fund has just included the Chinese Yuan in its SDR basket of currencies paving the way for it to become a currency of choice starting October 2016. This Yuan SDR inclusion will further shutdown the dominance of the dollar as the preferred currency for global exchange.
In one of its boldest move so far, Bank of China announces renminbi or yuan as:
“RMB: New Choice; The World Currency”
Will it be better for everyone this time?
The Financial Reset is already unfolding right before our very noses. But it is done in a subtle manner to lessen mass disruptions.
Exactly who will benefit largely from this shift is still everyone’s guess, yet still we hope it’s the majority — the 99%.
The US Dollar had lost every reason to be the world’s reserve currency.