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IMF sets terms for long-awaited bond issuance

hypocritexposer

Well-known member
The start of an international FED, yippee.

What impact will this have on the USD if it takes off? And the ability of the US to sell bonds?

WASHINGTON, July 1 (Reuters) - The International Monetary Fund on Wednesday set the terms for its long-awaited plan to issue debt, a program it hopes will boost its own resources and bring emerging economic powers more into its fold.

Under a framework agreed by the IMF board on Wednesday, the notes will have a maximum maturity of five years and once purchased by member countries, can be traded among central banks.

China has already committed to purchase $50 billion in the notes, and Russia and Brazil up to $10 billion each, part of an agreement among Group of 20 member countries to increase IMF resources by $500 billion.

http://www.reuters.com/article/marketsNews/idUSN0151038020090701
 
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