Japan and China to start direct yen-yuan tradingQuicklink submitted by Sheila Samples Permalink
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|Japan and China plan to launch direct yen-yuan trading as of June 1 to get rid of the dollar as an intermediary unit and facilitate trade and financial transactions between the two Asian economic giants. The move is a part of an agreement between the two countries in December, 2011 to promote direct trading without using the American currency.|
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