>From the Sept.6, '00 issue of IBD: "China Plans To Relax Controls On Currency Lending, Deposits" "It would be a first step toward allowing free trading in the Chinese yuan. A directive issued Tuesday by the People's Bank of China gives greater influence to international market conditions in setting lending rates and allows banks greater say in determining deposit rates. Although the reforms, which take effect Sept. 21, won't make it easier to borrow foreign exchange, they will remove an incentive that has pushed precious hard currency into higher-yielding offshore bank accounts." Another micro positive change going on in the world. As bad as things are getting in the US, Canada, Western Europe and Australia, there could be a net increase going on of freedom in the world. A plus for e-gold. --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED]
