FOREX - Trends, Forecasts and Implications (Episode 5: July 2011) - page 150
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This is bullshit, the atomic bomb is not enough for them, they have already started their "rating", they are aiming for the "world reserve". In five years we will buy pennies instead of dollars :-)
What happened to the 39.3%? Was it burned?
The share capital is about SDR 217 billion (in January 2008, 1 SDR was about 1.5 US dollars). It is based on contributions from member countries, each of which normally pays approximately 25 per cent of its quota in SDRs or in the currency of other members, with the remaining 75 per cent in its national currency. Based on the quotas, votes are distributed among member countries in the IMF's governing bodies.
The Executive Board, which sets policy and is responsible for most decisions, consists of 24 executive directors. The eight countries with the largest quotas in the Fund - the United States, Japan, Germany, France, the United Kingdom, China, Russia and Saudi Arabia - appoint the directors. The remaining 176 countries are organised into 16 groups, each selecting an executive director. The groups are formed by countries with similar interests and usually from the same region, such as francophone countries in Africa.
The countries with the most votes in the IMF (as of June 16, 2006) are: the USA - 17.08 % (16.407 % - 2011); Germany - 5.99 %; Japan - 6.13 % (6.46 % - 2011); Great Britain - 4.95 %; France - 4.95 %; Saudi Arabia - 3.22 %; China - 2.94 % (6.394 % - 2011); Russia - 2.74 %. The 15 member countries of the EU account for 30.3 %; the 29 member countries of the Organisation for Economic Co-operation and Development together hold 60.35 % of the votes in the IMF. The remaining countries, which represent more than 84% of the IMF's membership, account for only 39.65%.
Special DrawingRights (SDR, SDRs) is an artificial reserve and payment instrument issued by the International Monetary Fund (IMF). It has only a non-cash form in the form of bank account entries, no banknotes have been issued.
It is neither a currency nor a debt obligation. Limited scope of application, circulates only within the IMF. It is used for balance-of-payments adjustment, balance-of-payment deficits, reserve replenishment and loan drawdowns by the IMF.
It is a means of payment created by the IMF in 1969 to supplement the existing reserve assets of member countries. The main purpose of its creation: overcoming the paradox of Triffin within the Bretton Woods monetary system - the contradiction between the international nature of use and the national nature of currencies.
The SDR exchange rate is published daily and is based on the dollar value of a basket of four major currencies: the US dollar, the euro, the yen and the pound sterling.
The SDRinterest rate is reviewed weekly. It is based on a weighted average of the interest rates on short-term loans in the money markets of the SDR currency basket.
The international code according to ISO 4217 is XDR.
Due to the worldwide economic crisis, China proposed in March 2009 to establish a global reserve currency on the basis of SDRs that could replace the US dollar in this function. There are plans to expand the basic currency basket. In the long term this may lead to a new world currency, like the Euro, which will replace the ECU.
Now, maybe we'll get away from the fiba for a while to catch our breath...
I don't mind new currency pairs with the yuan.
There you go, you've had a turnaround already)
Yeah, here we go, break the channel, don't go to the fifth...
In view of the global economic crisis, China proposed in March 2009 the creation of a world reserve currency on the basis of special drawing rights that could replace the US dollar in this capacity. It is intended to expand the basic currency basket. In the long term this could lead to a new world currency in cash circulation, just as in the past the Euro was created from the ECU.
Yes, here we go, break the channel, don't go on the fifth...
There you go, ask the WOLVES, a.k.a. where. 4th, 5th are shamans with a tambourine. WOLVES may be there, but the "wOLVES" are FTP!!!! Articulus's battery is, and without substantiation of scientificity, more scientific.
ZS. Watch, don't miss, the zeta and tantrik markings, they'll teach you how to trade!
There you go, ask the WOLVES, a.k.a. where. The 4th, 5th are shamans with a tambourine. The Articulus battery is more scientific without being substantiated.
ZS. Watch, don't miss, the zeta and tantrik markings, they'll teach you the trade!
come back tomorrow for the appointment is over for today.