http://sherriequestioningall.blogspot.ca...on-us.html
[size=13px]A "renminbi bloc" has been formed in East Asia[/size][/size][size=13px], as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — [/size][/size][size=13px]a major signal of China's successful bid to internationalize its currency, a research report has said.[/size][/size][size=13px]And now seven out of 10 economies in the region — including South Korea, Indonesia, Malaysia, Singapore and Thailand — track the renminbi more closely than they do the US dollar. Only three economies in the group — Hong Kong, Vietnam, and Mongolia — still have currencies following the dollar more closely than the renminbi, said the report, posted on the institute's website.[/size]
[size=13px]A "renminbi bloc" has been formed in East Asia[/size][/size][size=13px], as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — [/size][/size][size=13px]a major signal of China's successful bid to internationalize its currency, a research report has said.[/size][/size][size=13px]And now seven out of 10 economies in the region — including South Korea, Indonesia, Malaysia, Singapore and Thailand — track the renminbi more closely than they do the US dollar. Only three economies in the group — Hong Kong, Vietnam, and Mongolia — still have currencies following the dollar more closely than the renminbi, said the report, posted on the institute's website.[/size]
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