Author: jimmy67

Are Asian central banks using RMB as reserves now? [Copy link] 中文

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Post time 2007-10-12 17:19:52 |Display all floors
Please explain how you mean!

Joe! - What is Joe

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Post time 2007-10-15 02:44:10 |Display all floors
Originally posted by kelly888 at 2007-9-28 21:16

It seems you don't know very much about international monetary policy.
If the U.S. dollar became as worthless as a garbage bag full for a loaf of bread that would be bad news for the people and  ...



first of all, National Bank of Belarus recently added the Chinese Yuan as a reserve currency along with USD, RR and EUR.

dollar is now a bubble. collapse of dollar means that more money will go to commodity-producing nations and less to war. it will not collapse other countries' economy because they can sell American debts and use their gold reserves as the hedge against the collapse of dollar.

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Post time 2007-10-15 02:58:56 |Display all floors
Originally posted by chinadaily at 2007-7-27 10:31
Jim Rogers cautiously bullish on China stocks

Reuters
July 26, 2007

SHANGHAI (Reuters) --- China's stock market is dangerously high but environmental protection, water, railways and renewabl ...


Jim Rogers has been right many times before.

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Post time 2007-10-18 21:57:54 |Display all floors

answear

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I am very happy that our China is rising,RMB is also becoming more and more important in Asia and even in the world. Hope that everyone could soppurt RMB.:)

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Post time 2007-10-21 20:19:21 |Display all floors
Originally posted by msaeed at 2007-10-15 02:44



first of all, National Bank of Belarus recently added the Chinese Yuan as a reserve currency along with USD, RR and EUR.

dollar is now a bubble. collapse of dollar means that more m ...

Okay, you know what you're talking about.
The RMB is a non-convertable currency, wake up your dream is over.

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Post time 2007-10-21 20:22:53 |Display all floors
Originally posted by kimwang at 2007-10-11 21:58
I don't know if you've noticed that the euro is getting stonger and stronger every day.
The Euro is very stable and will soon be used by the largest common marked in the world.
EU(today) is larg ...


The EU is made up of 25 individual countries with 25 separate economies and 26 revenue generating bodies. The U.S. is only one country with one economy and one tax base. The fact that you are even comparing the two says something for the power and influence the U.S. has.

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Post time 2007-10-21 21:22:58 |Display all floors
Originally posted by kelly888 at 2007-10-21 20:22


The EU is made up of 25 individual countries with 25 separate economies and 26 revenue generating bodies. The U.S. is only one country with one economy and one tax base. The fact that you are e ...

P.S. I am not supporting the U.S.

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