Tag Archives: yuan

The European Central Bank Switched to Chinese Yuan for the first time!

In what could be a major sign of things to come, the European Central Bank just switched to Chinese Yuan for the first time. Will this be the beginning of the end for the fiat US dollar? Continue reading The European Central Bank Switched to Chinese Yuan for the first time!

US Approves Yuan SDR Inclusion after China Orders 300 Boeing Planes

After reassuring the United States that its economy will be propped up by China, Obama has given his thumbs up to the inclusion of Renminbi into the IMF’s SDR basket of currencies.

Renminbi is the official “people’s currency” of China; Yuan is the primary unit of that currency.

Continue reading US Approves Yuan SDR Inclusion after China Orders 300 Boeing Planes