FerFAL I don't know if you allow off topic comments but just wanted to ask you if you knew anything about the currency swap that happened between China and Argentina.
I allow anything as long as its not spam, silly childish behavior or "die FerFAL! Die!" Kind of comments :^)
They pretty much agreed on ditching the USD apparently, something they are already doing with several other "emerging "(3rd wolrd) countries.
Guess it's China's plan B experiment.
The market here in Argentina didn't react well, and the USd went up even more, when the idea was to stop it.
The world still consieders teh USD to be pretty strong, compared to other paper currencies.
I'll see if I can dig up an article explaining things better later on.
Edited to add: Yes, apparently that it. SO far they agreed on U$S 10.000 millions, both countries agree on traditing with either of their local currencies and leaving the USD behind.
Seems China is willing to ditch the dollar with its minor league players.
This has been viewes negatively here in fear of Made in China prodcuts flooding the market and destroying the local industry.