To Destroy the Dollar: Central Asia gives up U.S. dollar for Chinese Yuan!

05 September 2015 (10:53 UTC-07 Tango 01)/14 Shahrivar 1394/21 Dhu al-Qa’dah 1436/23 Yi-You 4713

The east Asian People’s Bank of China has signed a three years deal with the central Asian National Bank of Tajikistan.

The deal means Tajikistan is giving up the equivalent of $500-million USD for 3.2-billion RMB (yuan).

Since 2008 the People’s Bank of China has signed direct currency swaps, avoiding the U.S. dollar, with at least 20 countries.

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