21 October 2015 (01:21 UTC-07 Tango 01)/29 Mehr 1394/07 Muharram 1437/09 Bing-Xu (9th month) 4713

The People’s Bank of China has issued the first yuan (renminbi, RMB) in cash in United Kingdom.  It’s the result of the 7th China-U.K. Economic and Financial Dialogue held last month.  Not only is it the first time Chinese cash has been issued for use in United Kingdom, it’s the first time the yuan has been officially issued outside China, as cash in hand.

Chinese President Xi Jinping got a huge royal welcome including a ride in the Queen’s personal coach.  No U.S. president has experienced such a welcome!

The United Kingdom is now the top market in Europe for the yuan.  According to SWIFT (Society for Worldwide Interbank Financial Telecomm) between July 2013 and July 2014 United Kingdom accounted for 123.6% of yuan (RMB) trades in the European Union!  

The first major announcement immediately after Xi Jinping’s arrival is a deal in which China will become the major investor in United Kingdom’s struggling Hinkley Point C nuclear power plant project.

To Destroy U.S. Dollar: European Central Bank tells U.S. Federal Reserve ‘Go take a hike!’