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Ariel Noyola Rodríguez – China’s Yuan will be the Third Most Powerful Currency in the IMF Basket

In spite of the fierce opposition of the US treasury Department, on November 30 the IMF finally approved the inclusion of the yuan in the Special Drawing Rights, the currency basket created in 1969 to complement the official reserves of the members of the multilateral organization. With this the Chinese currency will become, next October 1 (2016), part of the …

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Ariel Noyola Rodríguez – China-Latin American Relations, Santiago De Chile: The Yuan’s Financial Stronghold

Economic relations between China and Latin America are living increasing tensions. As a result of deflation (fall in prices) on a global scale, the South American region is suffering the consequences of concentrating the bulk of its exports to China on commodities. However, the opening of the first yuan financial center in Latin America, in Santiago de Chile, agreed during …