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Message: This will put more pressure on the $
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This will put more pressure on the $

posted on Jan 30, 2009 10:10AM


CHINA'S central bank said yesterday that it plans to implement a pilot program that would settle overseas trade with the Chinese currency instead of the US dollar.

http://www.shanghaidaily.com/sp/arti...



If they ever start accepting Yuan for oil, the $ is toast! Right now the test if within Asian trade partners. If sucessful, and I am sure it will be, watch out!

4 Recommendations
Re: This will put more pressure on the $

jnycat
Jan 30, 2009 10:15AM
Re: This will put more pressure on the $
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Scruffy
Jan 30, 2009 10:26AM
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