Saturday, November 8, 2014

Canada 1st country in Americas to get Chinese currency hub designation

Canada 1st country in Americas to get Chinese currency hub designation

Powerful BRICS Nations Plan Competition for World Bank, IMF, Federal Reserve System

The five-nation BRICS groupBrazil, Russia, India, China and South Africa—announced recently that it is launching new financial institutions to compete with and serve as alternatives to the World Bank and the International Monetary Fund (IMF).

The New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) will each be capitalized with $100 billion. The former will compete with the World Bank while the latter will work against the IMF

Global Currency Reset Well Planned for Some Time BRIC to topple the IMF

See more at:

China currency Yuan

Canada and China have signed a reciprocal currency deal that’s expected to dramatically boost exports.

The hub will foster far easier trade between the Canadian dollar and the Chinese yuan, also known as the renminbi. It makes Canada the first country in the Americas to have a deal to trade in the renminbi.

The deal was announced by Prime Minister Stephen Harper and Premier Li Keqiang in Beijing.

Authorized by China’s central bank, it will allow direct business between the Canadian dollar and the Chinese yuan, cutting out the middle man — in most cases, the U.S. dollar.

Canadian exporters forced to use the American currency to do business in China are faced with higher currency exchange costs and longer waits to close deals.

Canada given China is the second largest economy in the world after the U.S.

If Canada is to maintain the standard of living that it enjoys today, he adds, it needs to tap into the Chinese market. The currency deal is the first step on that path.

Earlier Saturday, Canada and China also signed more than 20 commercial deals valued at more than $1 billion.

Chinese, Canadian central banks agree to 200 billion yuan currency swap

This is just the beginning of many more nations to move further from the US currency as

We must hold our thumbs up to the BRICS member states as long as they stand for our human liberties. We must keep the Zionists away from this as they have enslaved mankind.


China Warns US About Cutting Tapering Too Soon, Proposes BRIC Foreign Currency Fund

Please Join Me here for an exciting opportunity on TSU the New Social Meida Network that pays you for what you did in Facebook 

Join here:


  1. eToro is the ultimate forex trading platform for novice and advanced traders.

  2. This is a huge step and it will definitely help boost the economy. It helps bring international investments and also foreigners to work and be a part of the community. I recently moved here and a tip I would like to share with you guys is to convert your cash using a local exchange such as and avoid going to banks, believe me it will save you a lot of money.