Fx and trade related infographics

Bypassing the US Dollar

POSTED 10 JULY, 2012

Infographic:
Bypassing the US Dollar

On June 1, 2012, China and Japan agreed to establish a direct yen / yuan exchange rate. Prior to this agreement, businesses in both countries were forced to first convert their currencies to U.S. dollars in order to buy either yen or yuan as needed to complete sales transactions between the two countries…

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