"Well. U.S. officials won't like seeing the data from China this morning.
China posted their March month-end foreign exchange reserves, and they
beat the estimates. the total in U.S. dollar terms was $3.305 Trillion.
that beat the estimate which was $3.2 Trillion.
And while I'm talking about China. "Mom, they're doing it again". China continues to take the baby steps toward their goal of removing the dollar standard. China's Central Bank is putting together a global payment system for cross-border transactions in renminbi, aiming to expand the currency's use in international trade and reduce the reliance on the U.S. dollar. This means that Banks worldwide would be free to use the China International payment system."
Chuck Bulter, The Daily Pfenning
And while I'm talking about China. "Mom, they're doing it again". China continues to take the baby steps toward their goal of removing the dollar standard. China's Central Bank is putting together a global payment system for cross-border transactions in renminbi, aiming to expand the currency's use in international trade and reduce the reliance on the U.S. dollar. This means that Banks worldwide would be free to use the China International payment system."
Chuck Bulter, The Daily Pfenning
