China lets yuan fall further, fuels fears of currency war

China lets yuan fall further, fuels fears of currency war
Reuters

China's yuan hit a four-year low on Wednesday, falling for a second day after authorities devalued it in a move that sparked fears of a global currency war and accusations that Beijing was unfairly supporting its struggling exporters.

good.  I will buy more renmimbi...

in fact I have.  I ordered 200 CDN worth this mawning by phone. that is 3k worth I have bought since march.

that currency will revalue upwards soon enuff :-[

How long.  You buy currency

China's dominance is sustainable this way,smart move!

Quote:How long.  You buy currency

all the time..a little of a basket.

the best you can buy now is the Ruble... but you cant in Canada/USA..not available.  but if I can get without a middleman and held somewhere safe I would buy more than I buy renminbi.  Russia is  very sound economically with a very low rate of debt..and busily developing infrastructure to replace imports.  they have taken control their central bank so that does not work against them

I even have a few no-hopers  like BG and Yardie.  got rid of all my USD..and all euro currencies save some German Marks

Link up with a friend in the Far East or former USSR countries.

I hav a friend in Poland that can buy you the Rubles...

his wife just had a baby there : and he works here in T.O.

Quote:Link up with a friend in the Far East or former USSR countries.

I hav a friend in Poland that can buy you the Rubles...

his wife just had a baby there : and he works here in T.O.

I in that.  but all is kosher with it? 
I buy small but often. you see my scale.  about 5-6k a year of currencies and silver