Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:hisah wrote:Cde Monomotapa wrote:As the (economic) world turns...Chinese Yuan Surpasses Euro, Becomes Second Most Used Currency In Trade Finance http://tinyurl.com/l4ho4c2
The yuan growth as per SWIFT statistics is a parabolic! From 1.69% share of trade finance in Jan 2012 to 8.66% in Oct 2013.
Top 5 nations using the yuan are China, HongKong, Singapore, Germany and Australia. Yes, ze Germans that are ze pillar of ze euro...!. Is this why they're asking for their gold reserves from the USD vault masters...
It'll be interesting to watch how the BRICs bank will pan out vs WB/IMF...
This crossroad must be resolved soon...
#Greatest wealth transfer episode. Can't miss it, won't miss it 
Hong Kong and Singapore the twin Asian financial centres have signed an MoU to rollout more yuan based financial products.
The sequence of events from the Asian tigers is accelerating negatively for the USD hegemony 
#This crossroad must be resolved. Most will see crisis, few see the opportunity presented...
http://www.sovereignman....e-dollars-coffin-13241/
BEIJING, Dec. 16 (Xinhua) -- The Ministry of Commerce (MOC) announced on Monday that it will further loosen control on cross-border yuan direct investment in an effort to facilitate investment. Under the new MOC regulation, approval procedures for yuan-denominated direct investment from overseas investors will be further simplified. The new regulation takes effect on Jan. 1, 2014. http://news.xinhuanet.co...13-12/16/c_132972346.htm
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