The Dollar Decline Continues: China Starts Direct Convertibility With Asia's #1 Financial Hub

"Earlier this week some of the biggest financial news of the year made huge waves all over Asia.

Yet in the Western press, this hugely important information has barely even been mentioned.

_{While this is ignored in the US so far, it’s front page news in Asia}

So what’s the news?

The Chinese government announced that the renminbi will become directly convertible with the Singapore dollar... effective immediately..."

at http://www.zerohedge.com/news/2014-10-30/dollar-decline-continues-china-starts-direct-convertibility-asia-1-financial-hub