Asian De-Dollarization Explodes: South Korean Renminbi Deposits Surge 55-Fold In A Year…” Everyone realizes that the present system is on its way out”
by Simon Black
ZeroHedge.com
10/09/2014
The Bank of Korea – South Korea’s central bank – released data that says South Korean domestic deposits have reached 16.19 billion Chinese renminbi in July this year, which is a 55-fold increase from the same period last year when renminbi deposits accounted for only 290 million. The signs are clearly all there. Everyone realizes that the present system is on its way out and are taking appropriate measures. The Russians, the Germans, the French, the Brits, the Canadians, the Koreans…
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