Yuan rivals dollar as global trading currency
en.ce.cn ~ More competition for the dollar as a global trading currency from the Chinese RMB (yuan). Five cities settle international trade in RMB on trial Five major trading cities have got the nod from the central government to use the yuan in overseas trade settlement – seen as one more step in China’s recent moves to expand the use of its currency globally. Graphics by China Daily Shanghai and four cities in the Pearl River Delta – Guangzhou, Shenzhen, Dongguan and Zhuhai – have been …
Tagged with: cctv, cctvupload, China, Currency, deficit, Delta, dollar, Dongguan, drawing, Global, Guangzhou, IMF, Pearl, renminbi, reserve, rights, River, RMB, SDR, Shanghai, Shenzhen, special, States, surplus, trade, United, US, USA, yuan, ZhuhaShare this:
Read also:
- BOSS Forex Currency Trading An Easy Way To Earn
- Currency Trading Guide : How Do You Make Money Trading Currency?
- FORX VIDEO - PRE LONDON OUTLOOK AUGUST 10TH 2009
- 92. Forex Trading - Pips and Fractional Pip Pricing
- 89. Forex Trading - Understanding the Bid/Ask Spread
- Forex Trading Outlook - DailyFX News August 11, 2009