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Neno's Place Established in 2006 as a Community of Reality


Neno

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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


3 posters

    In Some Trade, China Currency Replacing Dollar

    Neno
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    • Post n°1

    In Some Trade, China Currency Replacing Dollar Empty In Some Trade, China Currency Replacing Dollar

    Post by Neno Mon 21 Jan 2013, 5:53 pm

    Chinese Yuan News: In Some Trade, China Currency Replacing Dollar


    Posted on January 21, 2013



    In Some Trade, China Currency Replacing Dollar 8408754-chinese-yuan-banknotes-and-u-s-dollars-multiple-currencies-150x150The almighty dollar is still almighty, but it’s getting almighty-less. And part of that, at least in Asia, is due to the growth of the Chinese yuan in trade settlements.

    As Beijing opens that currency up to the
    market, the yuan is fast becoming a trade currency between China and
    Australia, as well as Taiwan, Singapore and in use of offshore yuan
    deposits held in London. The yuan is coming into its own, slowly, and
    that will inevitably take some demand from the dollar in Asia.

    According to Standard Chartered Bank, Chinese yuan use increased in
    November and will continue to grow on the back of recovering confidence
    in China’s economy and the yuan’s appreciation. The Renminbi
    Globalization Index, which tracks the progress of yuan-based business
    activity worldwide, rose to a new high of 737 in November from 731 in
    October, Standard Chartered said in a report released Monday.

    The growth of offshore yuan-denominated bonds, offshore yuan deposits
    and trade settlement were the main drivers to the rising index, said
    the bank.

    Apart from the three major offshore yuan markets of Hong Kong,
    Singapore and London, Taiwan may be included in the survey this year due
    to the region’s pent-up demand for retail yuan services, according to
    the bank.

    The yuan has strengthened by around 15 percent against the dollar since 2008.

    Source: Forbes
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    Neno
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    • Post n°2

    In Some Trade, China Currency Replacing Dollar Empty Re: In Some Trade, China Currency Replacing Dollar

    Post by Neno Mon 21 Jan 2013, 5:53 pm

    Remember, it said in some news... ;)
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    Michael D Small
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    Age : 77
    Location : Spokane, WA or where ever
    • Post n°3

    In Some Trade, China Currency Replacing Dollar Empty Re: In Some Trade, China Currency Replacing Dollar

    Post by Michael D Small Mon 21 Jan 2013, 6:10 pm

    Thanks Neno. Yes, I have heard the move toward Chinese for some time now; especially since the Federal Reserve must buy its own debt because no one else will.



    Michael
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    danny
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    • Post n°4

    In Some Trade, China Currency Replacing Dollar Empty Re: In Some Trade, China Currency Replacing Dollar

    Post by danny Thu 24 Jan 2013, 9:27 pm

    The Chinese currency is still way undervalued..China needs to rv its own currency...
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    • Post n°5

    In Some Trade, China Currency Replacing Dollar Empty Re: In Some Trade, China Currency Replacing Dollar

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