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Five Chinese Cities Begin Trial Trading In Yuan, Replacing Dollars

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Xinhua   |   04/ 8/09

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Read More: China, China Economy, China Renminbi, China Trade, China Trade Yuan, China Yuan, Chinese Currency, Chinese Renminbi, Chinese Yuan, Renminbi, Renminbi China, Yuan, World News
Yuan

Xinhua:

China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Renminbi, or yuan.

Read the whole story: Xinhua

China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Renminbi, or yuan. ...
China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Renminbi, or yuan. ...
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- victorsays I'm a Fan of victorsays 7 fans permalink

The US can't live much longer on the back of the world. They need to build something or start selling their technology.

    Favorite    Flag as abusive Posted 09:22 PM on 04/14/2009
- murphy80 I'm a Fan of murphy80 9 fans permalink

so when does this arrangement pose a threat to the USD as a reserve currency?

    Favorite    Flag as abusive Posted 03:53 PM on 04/08/2009
- dem 01 I'm a Fan of dem 01 2 fans permalink

If other countries implement the same.

    Favorite    Flag as abusive Posted 12:20 AM on 04/09/2009
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