China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund.
The link will start on Tuesday, the China Foreign Exchange Trade System said in a statement, making the franc the seventh major currency that can bypass a conversion into the U.S. dollar and be directly exchanged for yuan.
* ANYONE WHO DOESN'T "GET" THAT THE CHINESE ARE WAGING WAR AGAINST US...
http://www.bloomberg.com/news/articles/2015-11-09/china-to-allow-direct-conversion-between-yuan-and-swiss-franc
ReplyDeleteChina took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund.
The link will start on Tuesday, the China Foreign Exchange Trade System said in a statement, making the franc the seventh major currency that can bypass a conversion into the U.S. dollar and be directly exchanged for yuan.
* ANYONE WHO DOESN'T "GET" THAT THE CHINESE ARE WAGING WAR AGAINST US...
(*SHAKING MY HEAD*)
...JUST DOESN'T GET IT.
And do we "get" what these seemingly unrelated wars are about? Good!
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