VanEck Vectors Global Alternative Energy ETF

Published : December 30th, 2008

China Continuing Gradual Move Out of Dollar

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Re:        Chairman's Corner - Monday, December 29, 2008
Title:     China Continuing Gradual Move Out of Dollar
Author:    Monty Guild

Dear Friends,

The article below is another indication of the fact that China in their traditional gradual manner is moving slowly away from the US dollar and towards convertibility for the Yuan for business settlements. The long term effect will be bearish for the dollar and bullish for gold.

Respectfully yours,

Monty Guild
www.GuildInvestment.com

China to allow freer yuan trades
Thursday, 25 December 2008


China has said it is to allow some trade with its neighbours to be settled with its currency, the yuan.

The pilot scheme was announced in a package of measures designed to help exporters hit by the global downturn.

It means if the two parties to a trade have yuan available, they need not enter world exchange markets to pay.

Most of China's foreign trade is settled in US dollars or the euro, leaving exporters vulnerable to exchange rate fluctuations.

The yuan is not yet a freely convertible currency.

Officials did not say when the trial scheme would start.

When it does, the yuan could be used to settle trade between parts of eastern China (Guangdong and the Yangtze River delta) and the territories of Hong Kong and Macau, and between south-west China (Guangxi and Yunnan) and the Asean group of countries (Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam).

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Copyright � 2008 TANZANIAN ROYALTY EXPLORATION CORPORATION (TNX) All rights reserved. For more information visit our website at http://www.tanzanianroyaltyexploration.com/ or send email to info@tanzanianroyaltyexploration.com ..
Message sent on Mon Dec 29, 2008 at 2:48:15 PM Pacific Time
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VanEck Vectors Global Alternative Energy ETF

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Tanzanian Royalty Expl. is based in Canada.

Tanzanian Royalty Expl. holds various exploration projects in Tanzania.

Its main exploration properties are BIHARAMULO, SHINYANGA and KABANGA JV in Tanzania.

Tanzanian Royalty Expl. is listed in Germany and in United States of America. Its market capitalisation is 19.0 millions as of today (€ 16.6 millions).

Its stock quote reached its highest recent level on August 13, 2010 at 9.94, and its lowest recent point on December 15, 2017 at 0.24.

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