MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

The head of the Bank of England considers the yuan as a possible reserve currency

analytics5c3770fa964fa.jpg

Bank of England Chairman Mark Carney said that China's national currency may in the future be considered as one of the reserve currencies along with the US dollar. However, as the head of the Central Bank clarified, a long period of time is required for such metamorphoses.

M. Carney announced plans to use the yuan as a reserve currency in an online forum organized by the Bank of England to discuss the future of money with the British public.

Earlier, representatives of the Goldman Sachs Group Inc. predicted that the share of the yuan in world currency reserves could increase due to a decrease in the share of the dollar and the yen and by the end of 2022 grow to about 3-4%.

The material has been provided by InstaForex Company - www.instaforex.com