Tuesday, June 22, 2010

THE CHINESE BANKS DECISION FOR THE REVALUATION OF ITS CURRENCY THE YUAN FOR THE SECOND TIME CAUSED UNPRECEDENTED RUSH IN THE WORLD WIDE WEB, THE STOCK AND MONEY MARKET BUSINESSES.

China's people bank decision to reconsider the revaluation of its currency the yuan that created unprecedented rush in the world wide web in thousands of visits per minute by businesses and individuals, besides the significant increase in rate of the stock and money market businesses that ended again and for the second time in disappointment of those who may have been waiting for a long time for China's decision for the revaluation of its currency to make lucrative gains, if the chinese implemented the required revaluation of their currency as has been expected in the world markets. But China's relaxation of its intention, when to implement the revalue of the yuan made Chinese whole sale and export businesses to go for rush in the sale of their inventories before implementation of the currency revaluation.

Written by Godfrey Ohia.

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