Bank

Fiji Bank Adds Chinese Renminbi Currency To Its Tradeable Portfolio For Its Customers

News Analysis: Fiji Bank Adds Chinese Renminbi Currency To Its Tradable Portfolio for its Customers (joining Countries and Banks World-Wide which understand the Commercial Wisdom in doing so). Fiji Exporters can sell more products to China by using the Renminbi as the proper currency. Importers can now engage in trade without conversion costs to trade for U.S. Dollars. Everyone wins with this Currency.

We think the Renminbi, Distribution-Wise, will quickly surpass the Euro and equal the U.S. Dollar in future years. As America has fewer of its products being sold as “Unique and Unavailable Elsewhere” people will purchase everything else as equivalents or improvements from other countries. Since China is the greater exporter of such goods, trading in Renminbi, not U.S. Dollars, makes sense.

China can quickly accelerate Renminbi Distribution as the ‘Currency of Choice’ by offering Foreigners Renminbi Loans for even purchases of Non-Chinese Products. ‘Jumbo’ Aircraft, Luxury Cruise Ships, and the like, which China does not presently fabricate, would be good candidates for large loans.

The Fiji Bank Adds Chinese Renminbi Currency to its Tradable Portfolio for Customers was astute thinking by smart Bank Management. In such a Commercial Environment, everyone prospers: the Bank, the Countries involved, the Exporters, and the Importers.

The ONLY Good Deal is one in which ALL Participants Benefit; not just a few.

Reality.

Reference: http://www.fijisun.com.fj/2014/03/29/bred-bank-adds-renminbi-currency/

China Construction Bank Opens Its European Headquarters in Luxembourg

News Analysis:  A goal of omnipresent use of the Chinese Yuan [Renminbi] , throughout the international banking community, will be facilitated by such bank openings. An increase in Yuan bank deposits in a multitude of countries will assist this process.

Present U.S. Dollar denominated banking will subside over the years as the profligate spending by U.S. Government leaders remains unabated. The current, for the moment, $17,000,000,000,000.00 deficit cannot logically be expected to be paid off in the foreseeable future [especially with the present-day thinking in Washington]. As a result of the financial debacle in America, being maintained by “U.S. Financial Masters of the Universe”,  ‘Print More Money’ has been, is, and will be, their clarion call. Due to the fact that there is ‘little to back the Dollar up’, Arbitrageurs will look to other currencies for strength.

Reference: http://tinyurl.com/mteyzfy