The SDR Magic Circle

we are the architects ❤


By JC Collins

Reader and commenter Steve Henningsen is one of the many frequenters of this site who not only contributes intelligent and thoughtful opinions, but also does invaluable research on the coming transition of the global financial architecture.

Last night Steve sent me a link to a briefing from the OMFIF – Official Monetary and Financial Institutions Forum.  The OMFIF is made up of experts and members of the global financial institutions and is a direct source of information for what is really happening.

This particular briefing that Steve sent is titled China On Way to Joining IMF’s Reserve Currency Unit.  It is subtitled Renminbi Could Enter “Magic Circle” Through SDR Broadening.  The paper is dated Monday, September 29, 2014.

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