Today the Swiss and Chinese governments announced that a new - TopicsExpress

Today the Swiss and Chinese governments announced that a new Chinese yuan trading center will be opened in Zurich. This is part of Chinas move to eventually displace the US dollar as the worlds reserve currency. It is also probably the main reason for the timing last week where the Swiss National Bank broke the pet between the Swiss franc and the euro. Documents for this agreement are to be signed next Wednesday when the Chinese premier visits Switzerland.

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