I don’t think anyone posted about this story yet, but isn’t this quite significant in the fall of the U.S. dollar?
that does seem like a very big deal. I would actually like to hear from some US statists on this. Why do they not think this is devasting news for the dollar?
Redmond
November 29, 2010, 11:45am
3
Actually it has been commented on already.
China, Russia quit dollar ###### By Su Qiang and Li Xiaokun (China Daily)
Updated: 2010-11-24 08:02
St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.
“About trade settlement, we have decided to use our own currencies,” Putin said at a joint news conference with Wen in St. Petersburg.
The two countries were accustom…