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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (750)4/18/2003 6:02:52 AM
From: TobagoJack  Read Replies (1) | Respond to of 867
 
Hong Kong, Macao May Consider Using RMB
fpeng.peopledaily.com.cn

[EDIT: this is an old story, but is starting to happen. The largest of two super market chain in HK. Park & Shop, will accept RMB at 80% of their shops starting now]

In a long-term point of view Hong Kong and Macao may consider an overall adoption of RMB, says Zhang Wuchang, a renowned HK economist lately in Macao.

After their returning to China one after the other, Hong Kong and Macao have retained their original currencies which should be overall replaced by RMB in the long run, according to Zhang. Currently RMB is not an internationally convertible currency because it can not exchange freely, but when China opens up its financial market RMB will be turned into an international currency.

By PD Online Staff Li Heng



To: TobagoJack who wrote (750)4/21/2003 8:34:31 PM
From: onedrill  Respond to of 867
 
Yea, I saw that and I tend to believe that this will happen as others get tired of the $ decline. Then there is also the Dinar that will be used starting this year. It will be interesting.

Will wait here anyway and be patient. Not to worry.
A bug is in my ear and is tellin me that we will have a blow off rally soon in equity stocks before the swoon down.

the 85 day averages of advancing issues and volume on the NYSE are very toppy here. The highest levels I have seen in over two years yet the market can not get the prices above water. People are sure???
Hummmm!