There's always a difference in the markets between "de facto" ("in
practice") and "de jure" ("in law"), and recent announcements regarding
international reserve currencies would seem to reflect that difference. Word came out in mid-November that the IMF
is likely to reclassify the Australian dollar and Canadian dollar as
"official" reserve currencies. While this is indeed a significant
development, it seems more a reflection of reality than a major
prospective change.
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http://www.investopedia.com/financial-edge/1212/canada-and-australia-dollars-to-be-reserve-currencies.aspx#axzz2ErYWZFtb
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