FOREX

WATCH THE FOREX THIS WEEK FOR RESET. DINAR & DONG ARE SUPPOSE TO SHOW UP. GREEN LIGHT FOR GOING TO THE BANK

Easy way to keep up with the Forex Exchange Rates. Notice these are out of CDT with time posted.

IQD - Dinar at: http://www.barchart.com/quotes/forex/%5EUSDIQD

VND - Dong at: http://www.barchart.com/quotes/forex/%5EUSDVND

Saturday, November 17, 2012

Dollar collapse: 7 of 10 Asian countries turn to Yuan


The Rumor Mill News Reading Room 
CCI's alexoscarew: Dollar collapse: 7 of 10 Asian countries turn to Yuan
Posted By: CGI_admin [Send E-Mail]
Date: Saturday, 17-Nov-2012 10:49:56

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.
The Peterson Institute for International Economics, or PIIE, said in its latest research that China has moved closer to its long-term goal for the renminbi to become a global reserve currency.
Since the global financial crisis, the report said, more and more nations, especially emerging economies, see the yuan as the main reference currency when setting their exchange rate.
http://newswalls.blogspot.com/2012/11/dollar-collapse-7-of-10-asian-countries.html

2 comments:

  1. goodbye fiat currency, be gone to whence you came. be gone and good riddance!

    ReplyDelete