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Apple now accepting payments in Yuan

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1 Apple now accepting payments in Yuan on Thu Dec 01, 2011 3:52 pm


From the desk
of Larry Edelson

Amazing, but now our country’s most successful company ever, Apple, just announced that it will begin accepting payment in Chinese yuan for iTunes music and application downloads!

If that’s not a sign of the growing importance of China’s currency, I don’t know what is.

Fact is, China’s yuan now represents the fastest growing currency market in the world, while the U.S. dollar is second best. The yuan is now being used to pay for goods and services in Hong Kong, Russia, Brazil, Canada, Malaysia, Thailand, Indonesia and more countries, all of whom are starting to recognize that China’s currency is soon going to become as international a currency as the dollar or the euro.

Larry Edelson

Weiss Research Inc.
15430 Endeavour Drive
Jupiter, FL 33478
tel: 800-291-8545
fax: (561) 625-6685

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