Russia mixes Canadian dollar into their FCRs

According to the Globe & Mail, Russia is adding the “Loonie” to its foreign currency reserves (they also followed up with a second story), highlighting a trend towards greater diversity and away from the Greenback.
Continue reading

Advertisements

News: IMF head, Dominique Strauss-Kahn, expects currency basket for reserves

The Globe and Mail is reporting that countries might move their foreign currency reserves to a basket of currencies such as Special Drawing Rights.
Continue reading