Tag Archives: currency

IMF SDRs AND CHINA

IMF SDRs AND CHINA

The 2015 IMF Meeting is currently underway in Lima, Peru. There was much anticipation regarding an announcement slated for October 20th regarding The IMF SDRs & China. China would like to join the currencies which make up the IMF’s Special Drawing Rights (SDR).  The IMF notified China in August that they would re-consider inclusion on September 30,

Fiat Currency Defined

Fiat Currency Defined

What does Fiat Currency mean? Fiat Currency Defined:  fi·at  [fee-aht, -at; fahy–uh t, -at] noun fiat; plural noun: fiats a formal authorization or proposition; a decree. “The King ruled by fiat”,   “A political union imposed through imperial fiat”   An arbitrary order. “By royal fiat”  Fiat currency defined: Fiat currency is legal tender, not backed by collateral (i.e.,  gold),

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