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02-12-2011, 11:48 PM #1
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China Wants Yuan to be Global Currency; IMF: Oust US Dollar
NY Times: China Gradually Turns Yuan into Global Currency
Friday, 11 Feb 2011 12:27 PM
By Dan Weil
Some experts have talked about the possibility of China’s yuan one day becoming the world’s primary reserve currency. While no one expects that to happen anytime soon, the yuan is slowly turning into a global currency, as China’s government loosens controls on its use, The New York Times reports.
“The RMB (renminbi – another name for the currency) is likely to become a reserve currency in the future, even if the government of China does nothing about it,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
2 foreign nationals in ICE custody after alleged attempted...
05-18-2024, 07:35 AM in General Discussion