Thursday, May 17, 2012

Another non-dollar trade agreement.

quote

Wed Sep 8, 2010 8:52am EDT

* Russia to launch yuan trading by year-end – c.bank, MICEX

The Chinese central bank’s yuan fixed exchange rate policy may be a hurdle for such forex operations and will not pose a threat for the dollar .DXY, which is currently the main transfer currency between China and Russia, analysts say.

However, [...]



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