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  • bdannye bdannye Mar 31, 2013 7:14 PM Flag

    more hardship for the dollar


    Australia to Abandon US Dollar in Trade with China

    4 Replies

    CANBERRA, March 30 (Xinhua) — Australian Prime Minister Julia Gillard is expected to sign a currency deal with China to allow the Australian dollar to be converted directly to Chinese RMB, The Australian newspaper said in a front page report on Saturday.

    China is Australia’s largest trading partner with two-way trade totaling 126 billion U.S. dollars in 2012.

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    This entry was posted in Headlines on March 31, 2013 by TearsOfTheMoon.

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