It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
The World Bank has issued its first bond denominated in the Chinese currency, joining a small but fast-growing market.
The yuan-denominated bond is being issued to promote the use of the Chinese currency in international markets.
Originally posted by Magnum007
I wonder how this will affect the USD and the world's use of it in the next few years.
Originally posted by Magnum007
reply to post by MikeboydUS
Please excuse my ignorance but what is the "BIS"?
Magnum
Originally posted by Magnum007
reply to post by MikeboydUS
I've always wondered what would happen if the world banks would just completely void all debts, sort of like press a reset button... Even everything off and start from scratch... No debt anywhere...
I truly wonder the consequence...