Sat, Apr 19, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

China’s currency foray augurs geopolitical strains

Posted on 04 October 2012

“It’s our currency and your problem,” U.S. Treasury Secretary John Connally famously said of the dollar in 1971. More than 40 years later, China is doing something about it.
Fed up with what it sees as Washington’s malign neglect of the dollar, China is busily promoting the cross-border use of its own currency, the yuan, also known as the renminbi, in trade and investment………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930