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WiredJa Online News

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WiredJa Online News

BARBADOS | IMF agreement a victory for the Barbadian people says Mascoll

BRIDGETOWN, Barbados, October 1, 2018 - Barbados' Chief Economic Counsellor and lead negotiator with the IMF, Ambassador Dr. Clyde Mascoll has hailed today's staff level agreement  for an Extended Fund Facility with the IMF as a victory for the people of Barbados, who had been asked to play their part during these difficult economic times.

IMF Places China’s currency into IMF’s foreign exchange basket

The International Monetary Fund (IMF) officially green-lighted the acceptance of China’s currency – the Yuan – into the IMF’s foreign exchange basket. According to Reuters, this move paves the way for the IMF to place the yuan on a par with the US dollar. This is the latest in a series of global developments that threatens to eliminate the US dollar as the world’s reserve currency.
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