01 December 2015 (01:41 UTC-07 Tango 01)/10 Azar 1394/18 Safar 1437/20 Ding-Hai 10th month 4713

One year after I wrote that the Bank of Korea began using the Chinese yuan the government of Republic of Korea (RoK, aka south Korea) ratified the creation of a Free Trade Agreement (FTA) with China.

The FTA eliminates, within 20 years, 90% of tariffs on products traded between China and RoK.  ‘Lawmakers’ in RoK hope the FTA will create 53-thousand new jobs within ten years.

The ratification of the FTA comes after RoK experienced a 15.9% drop in exports from October 2014 to October 2015.

Destroy U.S. Dollar: IMF welcomes Chinese yuan!