| 28.05.2009 - International Monetary reform and the future of the Renminbi |
| From Jamestown.org: China’s central bank and other government-owned financial institutions, including China’s sovereign wealth fund (CIC) hold an estimated $1.5-1.6 trillion in U.S. dollar-denominated financial assets. The rest is denominated in other convertible currencies. Official gold reserves amounted to 1,054 tons at the end of March 2009, accounting for about 1.5 percent of total reserves at the current gold price.......Full Article: Source |