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sandyf says "It will take until Sept 2016 to complete the change over from 4 reserve currencies to five reserve currencies..."
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sandyf says "It will take until Sept 2016 to complete the change over from 4 reserve currencies to five reserve currencies..."
by Ponee Mon Nov 30, 2015 10:00 am
sandyf
"It will take until Sept 2016 to complete the change over from 4 reserve currencies to five reserve currencies..."
There are currently 7 reserve currencies listed in the IMF COFER.
USD,Euru,GBP,Yen,Swiss Franc, AUD & CAD.
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Re: sandyf says "It will take until Sept 2016 to complete the change over from 4 reserve currencies to five reserve currencies..."
by Terbo56 Mon Nov 30, 2015 11:19 am
That's eight- I take it she graduated from the 6th grade twice- Apparently 'Arithmetic' was not one her finer subjects? She mentioned 7- What's up with that? Another 'guru' wannabe born?
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Re: sandyf says "It will take until Sept 2016 to complete the change over from 4 reserve currencies to five reserve currencies..."
by dwm007 Mon Nov 30, 2015 11:56 am
So since when do we expect a guru to get ANYTHING right? Lol!
Hey if they got caught saying something correct they would be banned from the guru fraternity!
Hey if they got caught saying something correct they would be banned from the guru fraternity!
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Re: sandyf says "It will take until Sept 2016 to complete the change over from 4 reserve currencies to five reserve currencies..."
by Kevind53 Mon Nov 30, 2015 3:42 pm
No that is seven, however since the IMF does not designate reserve currencies she is still 100% wrong. A reserve currency is any currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves.The most common reserve currency is the USD about 64%, followed by the Euro which accounted for about 20%. The Pound Sterling, Yen, Canadian and Australian Dollars, and the Swiss Franc were the next most common all accounting for less than 5% each. Other currencies are held as reserves as well, but account for only about 3%.
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Re: sandyf says "It will take until Sept 2016 to complete the change over from 4 reserve currencies to five reserve currencies..."
by Terbo56 Mon Nov 30, 2015 3:46 pm
My mistake- I took swiss franc as two currencies- My bad, and apologies all around- 
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