MNT GOAT
...I would like to briefly explain how trade payments work between countries.
For example, factory owners in China don’t want anything but the Chinese yuan, just like factories in the US want US dollars.
So according to this article today, now China (the first country) will accept the dinar but through trade brokers at the bank that will convert the dinar to yuan for the companies.
My main point is this – the dinar is now slowly being rolled out and recognized as a valuable currency to the world and soon to be widely accepted as a global currency by many more countries.
Get it?
It is slow to roll out but this move by the China and the CBI is a very important one.
Just remember now that just over a year ago no one wanted the dinar.
China, of all the developed countries, is now willing to trade using the dinar as payment. WOW!
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