29 Countries Dumping US Dollar in Bilateral Trades
I would like to thank Toby for posting this at PTR. I was not able to find the exact article at zerohedge but found many articles that talked about this. There need be no war to kill a giant, just quit feeding it.
29 Countries…..Dumping The Dollar In Bilateral Trade
Thursday, January 26, 2012
China, Japan, Russia, Iran and India…… (29 countries) …… DUMPING the dollar in bilateral trade (updated: list inside)
For anyone wondering how the abandonment of the dollar reserve status would look like……..a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate.
The list of countries dumping the dollar in bilateral trade:
Dubai+ 11 OTHER LATIN AMERICAN COUNTRIES
More:Yuan begins trading against the rouble [link to www.bloomberg.com
India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees[link to www.bloomberg.com
India and Japan sign new $15bn currency swap agreement[link to www.commodityonline.com
Brazil-China bilateral trade in Real and Yuan instead of US dollar[link to en.mercopress.com]
RI, China considering shift to rupiah, yuan for settling trade[link to http://www.bullionbullscanada.com/
The Rise of the Chinese Yuan[link to http://online.wsj.com/home-page
Article Post: link to: www.zerohedge.com