Tue, May 26, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

The fatal flaw with internet currency

Posted on 17 July 2013

Ever since the outbreak of the financial crisis in 2008, discontents have been searching for an alternative to the current international monetary system, with its reliance on the US dollar.
Some have fixed on the yuan as a substitute for the greenback. Yet, although China’s leaders like the idea in principle, in practice they have been cautious about allowing greater international use of their currency. In any case, to hard-core critics of the existing financial architecture, the yuan suffers from just the same disadvantages as the US dollar………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40639 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