Godlike Productions - Reply to Thread

Users Online Now: 1,054 (Who's On?)	Visitors Today: 202,644
Pageviews Today: 312,722	Threads Today: 125	Posts Today: 1,756
03:29 AM

REPLY TO THREAD

Subject This is IT !! U.S. Corporations Dump Dollar For Chinese Renminbi To Buy Imports !!

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

Original Message [link to www.alt-market.com]

China’s renminbi is rapidly displacing the US dollar as a trading currency not only in Asia and Europe but now also in the US home market.

The value of renminbi payments between the US and the rest of the world rose by 327 per cent in April this year from the same month a year ago (see chart) as more US corporations switched to using the Chinese currency to pay for imports from China, according to data from SWIFT, the international currency settlement firm.

Pictures (click to insert)





\| Next Page >>