Collapse On It’s Way: Australia to Abandon the U.S. Dollar For Chinese Yuan

Collapse On It’s Way: Australia to Abandon the U.S. Dollar

Here is comes…And, we’ve discussed it, here.

Australia’s announcement that it is abandoning the U.S. dollar for trade with China is the latest broadside in the global currency war. Starting April 10, Australia and China will no longer use the U.S. dollar for trade between the two nations.

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-DBM