The Dollar Decline Continues: China Starts Direct Convertibility With Asia’s #1 Financial Hub

by Tyler Durden
ZeroHedge.com
10/30/2014

Earlier this week some of the biggest financial news of the year made huge waves all over Asia. Yet in the Western press, this hugely important information has barely even been mentioned. So what’s the news? The Chinese government announced that the renminbi will become directly convertible with the Singapore dollar… effective immediately.

The Rest…HERE

This entry was posted on Thursday, October 30th, 2014 at 9:07 pm and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.