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<p>[QUOTE=&quot;doug444, post: 2648659, member: 38849&quot;]&quot;Currency trading dwarfs precious metals trading on a daily basis&quot;&nbsp; -- this has absolutely no connection with the discussion.&nbsp; All this proves is that there might be 100 times as much fiat money swirling around, compared to PM&#039;s (I have no idea of the true proportion).</p><p><br /></p><p>Doesn&#039;t mean a thing.&nbsp; And currency trading rarely involves tangible assets, as very few entities take delivery.&nbsp; It&#039;s just blips on a computer screen, as those blind-sided by Brexit found out.</p><p><br /></p><p>Here&#039;s the present composition of SDR&#039;s:&nbsp; &quot;In the review conducted in November 2015, the IMF decided that the <a href="https://en.wikipedia.org/wiki/Renminbi" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Renminbi" rel="nofollow">Renminbi</a> would be added to the basket effective October 1, 2016. </p><p><br /></p><p>From that date, the XDR basket now consists of the following five currencies: <a href="https://en.wikipedia.org/wiki/United_States_dollar" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/United_States_dollar" rel="nofollow">U.S. dollar</a> 41.73%, <a href="https://en.wikipedia.org/wiki/Euro" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Euro" rel="nofollow">Euro</a> 30.93%, <a href="https://en.wikipedia.org/wiki/Renminbi" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Renminbi" rel="nofollow">Renminbi</a> (<a href="https://en.wikipedia.org/wiki/Chinese_yuan" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Chinese_yuan" rel="nofollow">Chinese yuan</a>) 10.92%, <a href="https://en.wikipedia.org/wiki/Japanese_yen" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Japanese_yen" rel="nofollow">Japanese yen</a> 8.33%, <a href="https://en.wikipedia.org/wiki/Pound_sterling" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/wiki/Pound_sterling" rel="nofollow">British pound</a> 8.09%.&quot;&nbsp; </p><p><br /></p><p>There are numerous other baskets, but SDRs are a prime mover of global interest rates.[/QUOTE]</p><p><br /></p>

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