The Traderszone Network

Published in TZ Latest News 15 September, 2014 by The TZ Newswire Staff

UK Hints At Next Reserve Currency, To Issue Chinese Yuan-Denominated Bond

Yuanification continues around the world. As The USA attempts to corral its allies in a ‘broad coalition’, an increasing number of people – including domestic economic policy advisors – are shifting away from the USD as primary reserve currency. However, the move by British Chancellor of the Exchequer George Osborne, announced Friday, is likely the most notable yet in the world’s de-dollarization.

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