Tuesday, May 22, 2012

Will the Yuan be backed by gold?

"I know for a fact that Beijing wants its yuan to eventually become a gold-backed currency, much like the Swiss franc was originally. Backing the yuan with some gold will certainly help it become a major international currency."
--http://www.washingtonsblog.com/2012/05/will-china-make-the-yuan-a-gold-backed-currency.html

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