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OPEC has been moving to a basket of currencies instead of the USD standard for a while now, so I'm unclear on your point. http://www.independent.co.uk/news/busi
by rattus 14y ago
OPEC has been moving to a basket of currencies instead of the USD standard for a while now, so I'm unclear on your point.
http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar-1798175.html http://www.independent.co.uk/news/business/news/the-demise-o...
http://www.independent.co.uk/voices/editorials/leading-article-the-end-of-the-dollar-spells-the-rise-of-a-new-order-1798200.html http://www.independent.co.uk/voices/editorials/leading-artic...
Not exactly new developments:
http://news.google.com/newspapers?nid=1828&dat=19801006&id=wkAdAAAAIBAJ&sjid=S6cEAAAAIBAJ&pg=3688,1438217 http://news.google.com/newspapers?nid=1828&dat=19801006&...
The Yuan isn't really a publicly traded currency which is why it's interesting, I guess.