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Saturday, August 6, 2011

Is It Now Going to Be the Century of the Yuan


The Philippine peso has been pegged on the US dollar ever since I can remember and even our lowly peso is stronger than it!  Imagine that.  It's just irritating because my own business has pegged itself on the dollar and a weak dollar is not good news for us.  Talk now is shifting to the Chinese yuan and for it to take a more centerstage position in the world economy.  Is it time for us to stock on the yuan then?

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