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:

Brazil
Argentinia
China
Indonesia
India
Iran
UAE
Belarus
Hong Kong
South Korea
Russia
Japan
Malaysia
Venezuela
Syria
Cuba
Turkey
Dubai+ 11 OTHER LATIN AMERICAN COUNTRIES

More:Yuan begins trading against the rouble [link to www.chinadaily.com.cn

China, Japan to Back Direct Trade of Currencies[link to www.bloomberg.com

India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees[link to www.zerohedge.com

Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says[link to www.bloomberg.com

India and Japan sign new $15bn currency swap agreement[link to www.bbc.co.uk

China and UAE ditch US Dollar, will use Yuan for oil trade [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 www.thejakartapost.com

China positions Yuan as new “reserve currency” link to:  http://www.bullionbullscanada.com/

The Rise of the Chinese Yuan[link to www.southerntimesafrica.com

Turkey and China to Shun the Dollar – link to: http://online.wsj.com/home-page

Article Post: link to: www.zerohedge.com 

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Posted on January 28, 2012, in 29 Countries dumping US Dollar, Banking. Bookmark the permalink. Leave a comment.

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