Determined to keep abreast of affairs throughout the country, President Susilo Bambang Yudhoyon has installed a 'situation room' at the Presidential Palace. (Antara Photo/Widodo S. Jusuf)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)
.
Loading...

Friday, January 18, 2013

RMB on way to becoming global reserve currency: IMF official

Want China Times, Li Tao-cheng and Staff Reporter 2013-01-18

IMF deputy managing director Zhu Min. (Photo/CNS)

With China's economy gaining global strength, the renminbi is set to become a global reserve currency, Zhu Min, deputy managing director of the International Monetary Fund, said Tuesday at an economic forum in Hong Kong.

China avoided a hard landing last year and recorded economic growth of 8.2%, Zhu said at the Asia Financial Forum. Yet "the key to China's economy is not its growth rate but the quality of growth," he said.

"China needs to boost its domestic market growth. It is a must rather than an option," he added.

Analysts were worried last year about a potential collapse of the eurozone and the United States' fiscal cliff, but those two issues have largely been avoided, he said. "This year will be better than last year," Zhu concluded.

Commenting on the contentious issue of the Chinese currency's exchange rate, Zhu, a former deputy governor of the People's Bank of China, said the yuan is more reasonably valued against other currencies these days.

On Japan's push for a weaker yen, Zhu said Japan triggered a wave of monetary easing in many economies, but the effects of the global financial crisis four years ago are still being seen.

Japan's main issue was a lack of demand, he said. But competitiveness could be enhanced not only from a weaker currency but from better technology, R&D and branding efforts.

On innovative financial services, Zhu reiterated the IMF's stance of supporting innovative ideas, but added that the sector should focus on providing services to the public, instead on focusing on making profits for itself.



China offers $20bn in loans to Africa

China and Brazil in $30bn currency swap agreement


China and Japan will start direct currency trading

Brics’ move to unseat US dollar as trade currency


"The U in Kundalini"- Oct 18, 2012 (Kryon channeled by Lee Carroll) (Subjects: Kundalini, Unification, EU, Nobel Peace Prize 2012, Middle East, South America, Only 5 Currencies on EarthOld Souls, Duality will dismiss, 3D Humanity will melt with Multi dimensional higher self, Global Unity… etc.)

No comments: