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BREAKING NEWS: Chinese Government Revalues the Yuan
Just got this in an email today.
Quote:
This just out about China breaking away from the US Dollar as the Global Benchmark Currency. This is a major move by this awaking giant (Red Dragon) the ramifications on the US Dollar are far reaching and other economies will follow. Do your research! Convert your wealth out of US Dollars as the slide is eminent!
Here is a news report from a FOREX (Foreign Exchange) training center:
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BREAKING NEWS: Chinese Government Revalues the Yuan
In a move that has enormous global implications, the Chinese government today revalued the Yuan stepping away from a policy that linked its currency to the U.S. dollar. The Chinese government is adopting a more flexible system based on a basket of foreign currencies.
The news was delivered in a state television news statement by the People’s Bank of China just after 7 a.m. (EDT) today 21 July 2005.
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