How Yuan Reserve Currency Approval Will Doom the Dollar

The IMF yuan reserve currency approval, announced today (Monday) by IMF Managing Director Christine Lagarde, has sealed the fate of the U.S. dollar. As of Oct. 1, 2016, the Chinese yuan will become part of the International Monetary Fund's basket of reserve currencies, joining the euro, the Japanese yen, the British pound, and the U.S. dollar. Here's what a dominant yuan reserve currency will mean for the U.S. economy... Tags: Chinese Yuan , Chinese yuan reserve currency , IMF yuan reserve currency , IMF yuan reserve currency approval , yuan reserve currency approval , yuan world reserve currency To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post How Yuan Reserve Currency Approval Will Doom the Dollar appeared first on Money Morning - We Make Investing Profitable .