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china has some of the most strict currency controls in the world and actively manipulates the exchange rate of their currency to help boost exports. if the IMF
by marme 11y ago
china has some of the most strict currency controls in the world and actively manipulates the exchange rate of their currency to help boost exports. if the IMF allows the RMB to join the SDR basket it will make it a joke. I am sure there is serious political pressure and bribery going on to make this happen
- dragonbonheur 11y agoAny credible source for your accusations?
- Asbostos 11y agoCurrency controls yes, strict no. It's a sieve. Most countries actively manipulate their exchange rates to help boost exports. That's normal. They do it by adjusting interest rates and setting various policies.