Fri, May 29, 2015
A A A
Welcome preal121
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 40705 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31