“Rogers reiterated his optimism on the RMB, describing it as ‘the only currency that can compete and replace the U.S. dollar.’ A recent BIS report showed that the Chinese yuan has broken into the top 10 of the most traded currencies in the world for the first time. ‘I will buy more RMB whenever I can. If anyone wants to sell RMB, come and see me afterwards,’ he quipped during his speech. He praised the government’s endeavors to make the currency more convertible, but hoped that the pace could be faster. In contrast, Rogers called the U.S. dollar ‘flawed’ and ‘troubled’. However, he still has to own the dollar because people go to the greenback when there is economic turbulence, he said.”
http://www.chinadaily.com.cn/china/2013-09/07/content_16952079.htm
Tip Freedomwat.ch Staff with Bitcoin