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China, Russia quit dollar

The Giant Noodle

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Premier Wen Jiabao shakes hands with his Russian counterpart Vladimir Putin on a visit to St. Petersburg on Tuesday.ALEXEY DRUZHININ / AFP
St. Petersburg, Russia - China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.


http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm
 
ARRRGGH!!!! Dooooom!!!! :scared:

Basically in trade between EACH OTHER, they will use their own currency.

You might say that It really doesn't make any friggin' difference. But if it lowers our Prefered Reserve status..... well......
 
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