In the first instance, the last week of November, the IMF decided to incorporate the yuan into the Special Drawing Rights (SDR), the reserve currency basket created at the end of the 1960s in order to supplement the official reserves of its members. Although inside the Fund several American officials were opposed from the beginning, at the end of the day Beijing committed itself to moving forward with the liberalization of its financial sector.

Until now the People’s Bank of China has signed nearly forty bilateral currency swaps agreements. This year the central banks of Surinam, South Africa and Chile have started promoting among their companies the abandonment of the dollar. To an increasing extent, the yuan is substituting the US currency in the Asian Giant’s commercial exchanges.

This strategy has allowed the yuan to become the second most used currency in commercial financing and the fourth in cross-border payments, according to numbers from the Society for Worldwide Interbank Financial Telecommunication (SWIFT)[2]. And sooner rather than later the Chinese currency will be fully convertible, that means, freely exchangeable in the market place.

Thus Communist Party leaders [of China] managed to break down the suspicions of executive IMF director Christine Lagarde: from the 1st of October 2016 the yuan will become the third most important currency in SDR composition[3]. The “people’s currency” (‘renminbi’) will have greater economic weight in IMF currency basket composition compared with Japanese yen and pound sterling, although it will still be under the euro and the dollar.

Secondly, last Friday 18th December, the US Congress gave the green light to the IMF to implement quotas representation system reform. Without a doubt, it is the most important change inside the IMF since 1944, the year when the Bretton Woods agreements were built. The new quotas distribution also means a significant breathing to the Fund in legitimacy terms.

After the 2008 economic collapse it was evident that the IMF did not have enough resources to face this lack of liquidity. No sovereign state had the intention of asking for its help. The IMF was decried following its action during the debt crisis in Latin America and South West Asia: It had shown that it was operating as the armed branch of the US Treasury Department, not as a multilateral fund responsible for stabilizing the balance of its adherents’ payments.

Thus, Dominique Strauss-Kahn, who was the IMF managing director between 2007 and 2011, convinced emerging countries to make new goals in exchange for the quota increase. The IMF Executive Board supported the proposal in 2010 within the framework of the 15th Major Overhaul of Quotas[4].

Then the initiative of reform was presented to the Board of Governors (embedded by all its members), to undergo the approval of all of the national parliaments. And then US government claimed its veto power. In order for a decision to be accredited by the Fund, a majority of 85% of the vote is required, and the United States alone counted for 16.7% of the total.

But some days ago, after five years of fervent opposition from the US Congress the inertia finally was broken. Quota system reformation will be a reality. Resources available to the IMF have doubled, and they will increase to 659.67 billion US dollars. It is worth stressing that the quota assigned to a country determines the maximum level of its financial commitments to the IMF and its number of votes in the institution, and is a factor determines its access to IMF finances.

The greatest progress corresponds to China, whose right to vote will change from 3.8% to 6%, therefore, it will be the third most powerful country, behind the United States and Japan. Brazil has risen four positions, while India and Russia have entered into the lost of the top ten most powerful. However, European assignation has fallen. With the exception of Spain’s quota, which will increase from 1.68% to 2%, Germany, France, Italy and United Kingdom will reduce their participation.

branko tod:
MMF je objavio da je juan "ispunio sve postojeće kriterijume'' da se pridruži američkom dolaru, evru, japanskom jenu i britanskoj funti, kao jedna od valuta koje se koriste za posebna prava vučenja te globalne finansijske institucije, koja njenih 188 zemalja članica koriste kao standard u međunarodnoj trgovini.

http://www.newsweek.rs/biznis/...ovini-sa-posebnim-pravima.html

branko tod:
Ja čekam da kupim ruske akcije. Obećao mi Putin da će da javi kada budu povoljne.

2012:
Bilo bi dobro da nam postavljac teme objasni sta znaci sta znaci:

branko tod: Nisam ja Vuk Karadžić da te ja prosvećujem.
Ako nemaš pojma što se mešaš u temu.

branko tod: 

Lepo sedi u klupicu pa će onda da ti možda nešto uđe u glavu.

branko tod: Neču da objašnjavam budali, kapiraš li to. To se odnosi na tebe, da bi bolje shvatio.

Lavlja_Jazbina:
Sto trosis reci.Superbaka je lepo objasnio.Ignorisi dalabu i svi cemo biti mirni,kako nas Gojko nazva,ekipa.

Ivan Dimkovic:
Moj komentar o kineskim akcijama je bio ozbiljan - one jesu vec nekoliko meseci u padu, tako da mozda jesu "jeftina kupovina" sad.

vladd: 

Btw, novine mogu da prenesu samo realizovanu statistiku, ali ne i stanje...

2012: kad bi mi pojasnio ovu misao mnogo bi mi pomogao.