Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Zhang Fei; expat_panama
The yuan is pegged to the dollar.

Maybe you'll have more luck in expressing this to our fellow FReeper expat-panama, who persists in claiming that it's not. I'm just a southern textile yahoo and a nativist to boot, what would I know.

77 posted on 05/05/2013 7:38:32 AM PDT by RegulatorCountry
[ Post Reply | Private Reply | To 76 | View Replies ]


To: RegulatorCountry

The way I see it, the yuan-dollar link became much more tenuous once the governments of China and Australia announced a few weeks ago that they would conduct their trade directly rather than use the U.S. dollar as a medium of exchange. This basically means that for those transactions between China and Australia, there is no bearing on the value of the U.S. dollar anymore.


84 posted on 05/05/2013 9:11:04 AM PDT by Alberta's Child ("I am the master of my fate ... I am the captain of my soul.")
[ Post Reply | Private Reply | To 77 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson