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Title: Killing the dollar softly: China lobbies ASEAN on yuan use to expand economic influence
Source: [None]
URL Source: https://www.rt.com/business/457608-china-asean-dollar-crackdown/
Published: Apr 28, 2019
Author: staff
Post Date: 2019-04-28 13:44:51 by Horse
Keywords: None
Views: 2

The Association of Southeast Asian Nations (ASEAN) and its East Asian partners consider adding Chinese and Japanese currencies to their $240 billion currency swap safety net, business journal Nikkei Asian Review reported.

It said the 10 members of the association along with China, Japan and South Korea will discuss the proposed change to the so-called Chiang Mai Initiative at a May 2 meeting of finance ministers and central bankers in Fiji.

Poster Comment:

China has 100 nations lined up for their Belt Road Initiative which promises $11 trillion in investments. Even NATO is for it. Dollar is Doomed. Civil War starts when the Dollar is Reset to its true value.

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