Sword Of The Lord With Electronic Edge

Wednesday, January 05, 2011

The Push To Replace The Dollar Begins.

My Way News - World Bank issues its 1st yuan bonds in Hong Kong: "The World Bank is issuing its first bonds denominated in China's yuan in Hong Kong, joining a growing number of borrowers tapping the new debt market as Beijing gradually promotes of its tightly controlled currency abroad.
The World Bank said buyers of its 500 million yuan ($76 million), two-year bond were mainly Hong Kong-based financial institutions, companies and wealthy individuals. It said the money will go into its general fund, rather than being raised for a specific purpose."

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