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Is USA dollars totally out from China's Reserve in IMF ?


China is a single country in this world who has huge reserve fund of $ 2 T (trillion = 10's power 18 Dollars ) in the form of dollars in IMF as assets .

But now , China is thinking for switching his currency from Dollar . It means China wants new global currency but not Dollars . But China did not call in clear wording but China thinks that US economy can erode or devaluate his currency and it will be side-effect to China's reserve fund . So , China wants to save and security from risk on revaluation of US Currency .

Mr Zhou Xiaochuan who is governor of Central bank of china said that Us currency is frequently changing due to Crises and from this Tuesday , Value of Dollar is low than other currencies of worlds .

On Next 2 April , G20 submit will in London and this issue will also be hot in this submit and next decisions of China will be more important from global financial and economic point of view .

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Accounting Education: Is USA dollars totally out from China's Reserve in IMF ?
Is USA dollars totally out from China's Reserve in IMF ?
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Accounting Education
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