08 October 2015 (02:09 UTC-07 Tango 01)/16 Mehr 1394/24 Dhu l-Hijja 1436/26 Bing-Xu 4713

The Bank of China Australia and the Industrial and Commercial Bank of China Singapore conducted major international transactions using the Yuan (RMB, RenMinBi) instead of U.S. dollars.

The transactions totaled the equivalent of $11.34-million USD, involving companies in Singapore, Australia and China.   It’s the result of China’s new Cross-border Interbank Payment System.

However, Bank of China Australia (Sydney) says they’ve already ‘cleared’ $314.8-billion USD since February, and Industrial and Commercial Bank of China Singapore cleared $7.41-Trillion USD for the first three quarters of 2015!

USD = U.S. dollar

AUD = Australian dollar

CAD = Canadian dollar

XCD = East Caribbean dollar

NZD = New Zealand dollar

There are dozens of countries that use their own dollar.  The yuan is now the 4th most used international currency.

To Destroy the Dollar: Chinese banks making bank off other countries!