GREY:VMSTF - Post by User
Post by
axegirl1on Feb 25, 2015 9:14pm
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Post# 23466172
Germany
Germany
https://www.examiner.com/article/germany-to-bypass-dollar-trade-as-direct-currency-settlement-with-yuan-begins The significance of this direct settlement process is that trade between China and Germany should begin to increase substantially, and without the need to use the dollar as a medium for swap functions between both currencies. This will also facilitate greater capital investment in Germany as recognition of the Yuan as a global primary currency will bring new investors and new joint investments between the largest economy in Europe and the largest economy in Asia. https://www.ibtimes.com/sorry-mates-strictly-business-australia-wants-cut-out-us-dollar-trade-china-1161287 The Australian government has made no secret of its aims to shift away trade from the U.S. dollar, the world’s primary reserve currency used in international commerce Courtesy of TIme, Facts Global Energy On Sept. 11, Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency