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Thread: Chinese yuan

  1. #1
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    Chinese yuan

    Has any else notice that iraq has added the yuan to there reserve. Its on their site.
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  2. #2
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    to me, another sign of further integration of Iraq into the global financial community. The IMF added the yuan to the SDR basket not long ago, and Iraq has availed itself of loans in SDRs. Additionally, china holds between $3 and $4 Trillion in U.S. debt, which means it is in their interest to enact policies that make sure they get a return on those treasuries. Iraq's largest source of income is in U.S. dollars from oil sales, so it just works for all parties imo.

    ​$

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