What New Special Drawing Rights Could Mean For The Yuan

Thursday, 17 Feb 2011 | 4:44 PM ET

You know the IMF has proposed changes to Special Drawing Rights, but you probably thought, who cares? SDRs, international reserve assets allocated by the IMF to different countries, get a lot less use than the dollar as a reserve currency. But Jim Rickards, senior managing director of Tangent Capital, has some reasons why you should.

For starters, the new drawing rights, if they come to pass, might be a back door way to bring the yuan into greater circulation. Richard breaks it down for you here, starting at 2:20.

The Dollar's Successor
Jim Rickards, Tangent Capital, discusses the G20, currencies and inflation.


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