Chinese Central Bank Outlines Plan To Ditch The Dollar As The Yuan's Peg

Hu Xiaolian, deputy governor at the Chinese central bank, has released a paper which suggests it's soon time for China to peg the yuan to a basket of foreign currencies, rather than the U.S. dollar alone. Read more: http://www.businessinsider.com/china-yuan-currency-basket-change-2010-7#ixzz0utfRtNkb