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China Takes Giant Step Towards Making the Yuan the World’s Reserve Currency
March 3, 2011
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For years, I’ve been writing about the long-term decline of the Dollar, and the rise of the Chinese Yuan … and it’s potential to become the world’s next reserve currency.
As I pointed out in 2007, many countries have started moving out of the Dollar as the basis for international trade settlements, including:
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Venezuela and 12 other Latin American countries as well as Cuba
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Many other countries
In 2008, I wrote: Read more…
Categories: China, currency
Asia, Australia, Bank of China, brazil, China, commodities, currency, Japan, Malaysia, renminbi, reserve currency, ringgit, ruble, Russia, United States, US Dollar, yuan

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