The IMF is bullish on the use of cryptocurrencies LeapRate

November 14, 2018 BY Mariela Naydenova

The IMF is bullish on the use of cryptocurrencies

The managing director of the International Monetary Fund (IMF), Christine Lagarde, stated at the Singapore Fintech Festival today that the use of cryptocurrencies can help governments around the world establish the much sought-after financial inclusivity, consumer protection and better security, all relieving the growing concerns over privacy issues. Ms. Lagarde pointed out that financial institutions…

October 10, 2018 BY Valentina Kirilova

Britain can become the natural global home for fintech

The Chancellor of the Exchequer, Philip Hammond, has revealed that he will position Britain as the “natural global home” of new and innovative financial services after Brexit at the IMF Annual Meeting in Bali (10 – 13 October). With financial technology as the designated theme of the gathering, the Chancellor will herald Britain’s approach to…

December 07, 2017 BY Valentina Kirilova

Susan Swart to leave as Chief Information Officer of the International Monetary Fund

Susan Swart, the International Monetary Fund’s (IMF) Chief Information Officer and Director of its Information Technology Department (ITD), has decided to leave the Fund in early 2018 for personal reasons. Ms. Swart joined the IMF in June 2012, following a distinguished career at the U.S. State Department. Susan brought with her the expertise and international…

October 03, 2016 BY LeapRate Staff

IMF adds Chinese Renminbi to SDR Basket: What does it mean?

With the International Monetary Fund (IMF) announcement of the launch of the new Special Drawing Right (SDR) valuation basket including - for the first time - the Chinese Renminbi (RMB), we are pleased to present some comments on what this means from two FX / China experts: Rachael Hoey, Head of Asia at CLS and Dan Marcus, CEO…

March 05, 2016 BY Maria Nikolova

IMF to separately identify Chinese Renminbi in its official Forex reserves database

The International Monetary Fund (IMF) announced on Friday that it will separately identify the renminbi (RMB) in its official foreign exchange reserves database beginning October 1, 2016. The decision comes after in November last year the IMF voted that the Chinese currency is a freely usable currency and will be included in the SDR basket as…

November 30, 2015 BY Mike Fox

Key vote today on Chinese renminbi for IMF inclusion

Today the International Monetary Fund or IMF will vote on whether to include the Chinese currency, known as the renminbi or yuan as the fifth member of its special drawing rights (SDR) currency basket. It has always been expected with the economic rise of China that the currency would eventually be included, however, China has been…

September 16, 2015 BY Mike Fox

IMF for first time to show Forex reserve breakdown together with a list of participating countries

Seven currencies are distinguished in the IMF's reserve data: the U.S. dollar, euro, pound sterling, Japanese yen, Swiss franc, AUD, and CAD.

July 14, 2015 BY Andrew Saks-McLeod

Op Ed: Should I pay or should I go?

According to my calculations, should Europe be successful in making Britain pay £1 billion in emergency funding to Greece from taxpayers' money, that would equate to £1,445 for each person employed in London's financial sector, which is the economic powerhouse of the entire continent. Should Britain bow to European pressure and pour hard-earned money down the black hole?

July 01, 2015 BY Andrew Saks-McLeod

European officials reject Greek bailout appeal

Dutch Finance Minister Jeroen Dijsselbloem said it would be "crazy" to extend the Greek bailout beyond its midnight expiration as Athens was refusing accept the European proposals on the table

June 19, 2015 BY Maria Nikolova

Cash starts to leave Greece - $4.5 billion of ATM withdrawals this week

Clients of Greek banks pulled out more than EUR 1 billion ($1.1 billion) on Friday, with the amount withdrawn from ATMs since last weekend exceeding $4.5 billion.

Tag: IMF