While You Were Watching Television

Wednesday, June 27, 2012

Chile and China trade agreement and plans for settlement in renminbi

Wen suggested that the two sides launch currency swaps and expand settlement in China's renminbi.
China's Premier Wen with Chile president Pinera on 26 June 2012 in Santiago
Here is an opportunity to present Zerohedge's list over the past year of currency and trade settlements outside the reserve currency US dollar:
World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade
China, Russia Drop Dollar In Bilateral Trade",
China And Iran To Bypass Dollar, Plan Oil Barter System
India and Japan sign new $15bn currency swap agreement
Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says
India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees
The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
Posted by goedeck at 12:40 AM
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