Has everyone noticed that China is now actively promoting use of its currency in international trade in South East Asia? Rumor also has it that China may be about to buy more gold for its reserves. — Larry
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{ 2 comments… read them below or add one }
Hi Larry, Yes you are correct. We are a New Zealand company trading in Asia, we still quote in USD but recently there have been Chinese companies out in the markets quoting in CNY. Not sure if binding contracts are in CNY but to confirm it is happening
Hi Larry,
Slightly off topic.Not sure how to ask your opinion on something happening with a gold stock in Australia vs three ASX reports for Materials, Gold and Metals/Mining indicators. If I may ask you, let me know via my email address where to email the question.
Mark