Is China The Hidden Hand That Delays IMF Reforms Through Republican Party Donations?

Failure by the Republican lead Congress to pass the required legislation is quickly leading to a situation where China will get exactly what it stated it wanted back in 2009, namely an international reserve currency which is not directly connected to any one national currency, including there own, and having their currency, the renminbi, added to the SDR basket composition.

The only difference now would be that the RMB will be added to the SDR basket at a much larger and more valuable weight than it would have been back in 2010, if the reforms had been implemented at that time.