IMF considering loonie as reserve currency

[Locutus]

The International Monetary Fund said it’s considering classifying the Australian and the Canadian dollars as reserve currencies.


The two “are to be considered for inclusion” separately in the IMF’s “Currency Composition of Official Foreign-Exchange Reserves” data, the Washington-based lender said in a report published on Nov. 14. They’ve previously been included in an “other currencies” category in the COFER reports.


here


Canadian dollar: IMF considers loonie as reserve currency | News | Financial Post

 

[Nuggler]

8O..........What do they use on reserves at present ? :stop:


:dontknow:

 

[Praxius]

8O..........What do they use on reserves at present ? :stop:


:dontknow:

An I.O.U. note *ba'dum'tish*

 

[petros]

8O..........What do they use on reserves at present ? :stop:


:dontknow:

US and Euro

 

[taxslave]

US and Euro

The two with the most difficulties. Figures.

 

[petros]

The two with the most difficulties. Figures.

Exactly.

 

[darkbeaver]

Ah yes the geniuses at the IMF. They are delusional mega carpet bagging maggots. The reserve currency will be Chinese and most of that will be backed by hard assets like gold and silver instead of the western luke warm urine.

 

[petros]

They already devalue the RMB 6:1. China has resources we don't and we need. If we become a reserve currency we are no longer pegged to the fading greenback. It also means we can put gold and silver back into circulation in coinage and other countries can use the loonie as their currency which means they have to buy it first.

 

[L Gilbert]

The International Monetary Fund said it’s considering classifying the Australian and the Canadian dollars as reserve currencies.

lol WTF is the point if the only things backing currencies are paper and the binaries that computers run on and the memory that currencies USED to be backed by sensible things?

 

[petros]

lol WTF is the point if the only things backing currencies are paper and the binaries that computers run on and the memory that currencies USED to be backed by sensible things?

Ours is backed by having 9,970,610 sq km of resources.

If Canadians knew how rich they really are...

 

[coldstream]

Everything the IMF does comes with conditions. It is one of the three witches of monetarist, free market investment cartel that controls the world economy, along with the WTO and World Bank.. and it is facing the brink as its policies and those of its sisters has led to a collapse in production and explosion of debt world wide. It is looking for credibilty now, as it is engulfed with failure. Canada would be well advised to steer clear of this supposed honour.. it hides a dark agenda.

 

[petros]

Everything the IMF does comes with conditions

National and Provincial Parks for collateral is my favourite. Too bad we lost Banff, Jasper, Kootenay and Yoho Nationals and Mount Robson, Mount Assiniboine and Hamber provincial parks to defaulting.

 

[L Gilbert]

Ours is backed by having 9,970,610 sq km of resources.

Funny. It used to be backed by gold. And it'd be a lot better if the raw stuff was converted to value added stuff.

If Canadians knew how rich they really are...

Too bad guvmints, economies, and market speculation messes with it.

 

[petros]

Funny. It used to be backed by gold. And it'd be a lot better if the raw stuff was converted to value added stuff.

Too bad guvmints, economies, and market speculation messes with it.

Now it's backed by every mineral under the sun. I wonder if uranium coins would be a hit?

If they didn't, we'd be Commie.

 

[L Gilbert]

Now it's backed by every mineral under the sun.

And what causes the fluctuations in that? Mostly a pile of hot air called market speculation.

I wonder if uranium coins would be a hit?

Too freakin heavy.

If they didn't, we'd be Commie.

So all the people that existed before stock markets and gov'ts were communist? lmao

 

[Spade]

The trouble with Canadian money is coppers ain't copper, silver ain't silver, and paper ain't paper. And, our Mint ain't no mint; it's concrete and glass!

 

[petros]

And what causes the fluctuations in that? Mostly a pile of hot air called market speculation. Too freakin heavy.


So all the people that existed before stock markets and gov'ts were communist? lmao

Demand/supply causes majority of fluctuation, yeah, although not much different than gold and people before stock markets were peasants.

 

[Cliffy]

The trouble with Canadian money is coppers ain't copper, silver ain't silver, and paper ain't paper. And, our Mint ain't no mint; it's concrete and glass!

Yup, we live in a fantasy world where nothing is as it seems or what we are told.

 

[petros]

The trouble with Canadian money is coppers ain't copper, silver ain't silver, and paper ain't paper. And, our Mint ain't no mint; it's concrete and glass!

Spearmint or peppermint? Both grow wild on the prairie.

 

[Cliffy]

Demand/supply causes majority of fluctuation, yeah, although not much different than gold and people before stock markets were peasants.

Stock markets are based on speculation: the wet dream of those addicted to living in a fantasy world.