BREAKING: China and France have completed their first LNG gas trade using the Chinese Yuan
- Thread starter Kool-Aid
- Start date
USD is no longer king
bidenkulaha
GalYare
Not as long as the Chinese Yuan is pegged to the dollar. Let me know when China is confident enough to let it strengthen or slide on its own merit
China has been buying gold and slowly reducing their USD reserves. Russia has also been buying gold. A good end goal is a gold backed currency that no country has total monopoly on. It would be good for developing countries
Chinese state banks sold dollars to support yuan late on Tuesday: Reuters, citing sources
Major Chinese state-owned banks sold U.S. dollars in both onshore and offshore markets in late trade on Tuesday, two sources told Reuters.
Is this a …good thing?
He is in a big trouble in his country, and his term almost ends. He would say anything
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