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The American Empire in a Changing World



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Wednesday, September 21, 2011

'Nigeria: Nation's Big Bet On Chinese Yuan'

from all africa.....

"Nigeria's central bank will convert 10% of its $33-billion in foreign reserves to the Chinese yuan, as trade between the two countries continues to grow. TradeInvestNigeria askedThabo Ncala, co-portfolio manager at Stanlib's Africa Fund whether the growing support for the yuan indicates waning confidence in the dollar"...............READ MORE

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