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China will start direct trading between the yuan and the euro tomorrow as the world’s second-largest economy seeks to spur global use of its currency.
Dethrone ‘King Dollar’
United States dollar as the world’s reserve currency.
The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.
The World Bank’s former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.
Replace dollar with super currency: economist
Sources:
http://www.bloomberg.com/news/2014-09-29/yuan-euro-direct-trading-begins-tomorrow-as-china-promotes-usage.html
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140912_USANo21.jpg
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/09/nominal%20vs%20real.jpg
http://mobile.nytimes.com/2014/08/28/opinion/dethrone-king-dollar.html?referrer=&_r=3
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/09/20140912_USANo2.jpg
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/07/20140721_china1.jpg
http://usa.chinadaily.com.cn/world/2014-01/29/content_17264069.htm