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| Permalink View Article Stats (2 comments) Promoted to Headline (H3) on 1/28/12: China And Japan Currency Swap: Nail In US Dollar's Coffin Quicklink submitted by Sheila Samples (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| China and Japan unveiled plans to promote direct exchange of their currencies. This agreement will allow firms to convert the Chinese and Japanese currencies directly into each other, thus negating the need to buy dollars. This is one more nail in the coffin of the dollar as the international reserve currency. |
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