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Dollar Collapse Update: 7 Of 10 Asian Countries Move From Dollars To Yuan!!
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[quote:waterlily:MV8yMDU0MzA2XzM0NTM3NzM1X0FEMTBGRTUw] [quote:gebahie:MV8yMDU0MzA2XzQ4OUEzMjIw] 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. http://www.chinadaily.com.cn/china/2012-10/24/content_15840495.htm [/quote] does this mean that the illegals will all go to China to work now? [/quote]
Original Message
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.
[
link to www.chinadaily.com.cn
]
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