Thread: How Does Chinese Currency Work?
View Single Post
  #10  
Old 05-22-2007, 11:26 AM
adios adios is offline
Senior Member
  
Join Date: Sep 2002
Posts: 8,132
Default Re: How Does Chinese Currency Work?
[ QUOTE ]
Don't forget Opec either--with all of the oil revenue daily and the transactions taking place in USD, it helps support the dollar by increasing demand. Before GW and the rest of the neocons went after Saddam, Saddam had threatened to switch to the euro and this was taken seriously by some members of the administration.

[/ QUOTE ]

I don't think that would make much difference.
Reply With Quote