Monday, March 24, 2014

Russian economist says that Yuan will become next reserve currency

As the United States becomes more isolated with the international community over Ukraine, one partnership is strengthening even more.  Last week, a Chinese spokesperson declared support for the Russian annexation of Crimea, and recognized the sovereignty of this new nation.  In response, Russian economist Yevgeny Gavrilenkov declared at the 15th governmental Chinese economic development forum that the Chinese Yuan will become the next global reserve currency after the fall and collapse of the U.S. dollar.

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