A follow up to the follow up (message left unedited below for context) https://www.wsj.com/articles/the-dollar-powers-american-dominance-rivals-are-building-workarounds-11559155440
On Wed, Jan 13, 2016 at 11:22 AM Udhay Shankar N <[email protected]> wrote: > Interesting follow up on this old thread: > > > http://indianexpress.com/article/business/business-others/iran-india-to-settle-outstanding-crude-oil-dues-in-rupees/ > > Udhay > > On 06-11-2009 07:50, Udhay Shankar N wrote: > > http://www.ft.com/cms/s/0/0eaa4a80-c856-11de-a69e-00144feabdc0.html > > > > Gold extends record high on India purchase > > > > By Javier Blas in London and James Lamont in New Delhi > > > > Published: November 3 2009 09:08 | Last updated: November 4 2009 09:51 > > > > Gold prices continued to rise on Wednesday extending the all-time highs > > which followed India’s central bank bought 200 tonnes of the precious > > metal, swapping dollars for bullion as the country’s finance minister > > warned the economies of the US and Europe had “collapsed”. > > > > India’s decision to exchange $6.7bn for gold equivalent to 8 per cent of > > world annual mine production sent the strongest signal yet that Asian > > countries were moving away from the US currency. > > > -- ((Udhay Shankar N)) ((udhay @ pobox.com)) ((www.digeratus.com))
