China Makes It OFFICIAL - Yuan To Become Primary Reserve Currency

[VRS]

Well, that's what they meant, isn't it?

Great stuff...

http://www.businessweek.com/news/20...convertibility-plan-among-goals-for-this-year

"The Chinese currency will be fully convertible within five years, while a third of China's trade will be settled in yuan by 2015"

 

[TwoEagles]

Well, that's what they meant, isn't it?

Great stuff...

http://www.businessweek.com/news/20...convertibility-plan-among-goals-for-this-year

"The Chinese currency will be fully convertible within five years, while a third of China's trade will be settled in yuan by 2015"

Does that mean I should short the Yen against Yuan instead of dollars?

 

[bordsilver]

Yay! That'll be far less centrally planned and manipulated than the US$.

</sarcasm smiley>