In These New Times

A new paradigm for a post-imperial world

Australia to abandon the U.S. Dollar

Posted by seumasach on April 17, 2013

The Trumpet

April, 2013

Australia’s announcement that it is abandoning the U.S. dollar for trade with China is the latest broadside in the global currency war. Starting April 10, Australia and China will no longer use the U.S. dollar for trade between the two nations. For the first time, Australian businesses will be able to conduct trade in Chinese yuan. No more need for U.S. dollar intermediation.

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