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29 countries dumping USD

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1 29 countries dumping USD on Fri Jan 27, 2012 1:05 pm

gente

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THURSDAY, JANUARY 26, 2012

China, Japan, Russia, Iran and India...... [29 countries] ...... DUMPING the dollar in bilateral trade

China, Japan, Russia, Iran and India...... (29 countries) ...... DUMPING the dollar in bilateral trade (updated: list inside)

For anyone wondering how the abandonment of the dollar reserve status would look like........a whole series of bilateral agreements that quietly seeks to remove the US currency as an intermediate.

www.zerohedge.com

The list of countries dumping the dollar in bilateral trade:

Brazil
Argentinia
China
Indonesia
India
Iran
UAE
Belarus
Hong Kong
South Korea
Russia
Japan
Malaysia
Venezuela
Syria
Cuba
Turkey
Dubai+ 11 OTHER LATIN AMERICAN COUNTRIES

More:Yuan begins trading against the rouble [link to www.chinadaily.com.cn]

China, Japan to Back Direct Trade of Currencies[link to www.bloomberg.com]

India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees[link to www.zerohedge.com]

Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says[link to www.bloomberg.com]

India and Japan sign new $15bn currency swap agreement[link to www.bbc.co.uk]

China and UAE ditch US Dollar, will use Yuan for oil trade [link to www.commodityonline.com]

Brazil-China bilateral trade in Real and Yuan instead of US dollar[link to en.mercopress.com]

RI, China considering shift to rupiah, yuan for settling trade[link to www.thejakartapost.com]

China positions Yuan as new “reserve currency”[link to bullionbullscanada.com]

The Rise of the Chinese Yuan[link to www.southerntimesafrica.com]

Turkey and China to Shun the Dollar [link to online.wsj.com]


2 Re: 29 countries dumping USD on Fri Jan 27, 2012 1:24 pm

windreader1


Good summary, have seen the list get longer over the last couple of years.

3 Re: 29 countries dumping USD on Fri Jan 27, 2012 1:25 pm

gente

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Wonder how much longer till we see the ka-blam, and new gold backed currency...

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