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    Asian Countries abandon U.S. dollar for Chinese Yuan

    Carol
    Carol
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    Asian Countries abandon U.S. dollar for Chinese Yuan Empty Asian Countries abandon U.S. dollar for Chinese Yuan

    Post  Carol on Wed Oct 24, 2012 10:50 am

    It is estimated by 2015 the Yuan/Renminbi will be a currency traded fully and internationally. A "renminbi bloc" has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China's successful bid to internationalize its currency, a research report has said. Read more at link above.


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