The International Monetary Fund has just included the Chinese Yuan in its SDR basket of currencies paving the way for it to become a currency of choice starting October 2016. This Yuan SDR inclusion will further shutdown the dominance of the dollar as the preferred currency for global exchange.
Continue reading Chinese Yuan is now a Reserve Currency & Will Be Gold Backed
Tag Archives: Chinese yuan
China's Mega International Payment System is Ready
The China International Payment System (CIPS) is due to kick off this year, bringing the yuan a step closer to becoming a global trading currency, as the new system will make payment transfers just as easy as in dollars and euro.
Continue reading China's Mega International Payment System is Ready