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China clears renminbi-Aussie direct trading

 
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Australia
04/08/2013 01:47 AM
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China clears renminbi-Aussie direct trading
China clears renminbi-Aussie direct trading

Direct currency trading between the Australian dollar and the renminbi will begin this week, Australian prime minister Julia Gillard said on Monday.
The Australian dollar will become only the third currency to trade directly with the Chinese currency, alongside the US dollar and the Japanese yen, after ANZ and Westpac were given trading clearance by the Chinese central bank.

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Well that'll stir up some shit won't it hiding





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