Yuan Tipped To Replace U.S. Dollar, Euro In Southeast Asia | Forex

Yuan Tipped To Replace U.S. Dollar, Euro In Southeast Asia | Forex

They have to get some sort of stable currency in the Far East before bit coins take over. bit Coins were invented and are based in Malaysia/Indonesia. Originally invented as a currency to play games on the internet it was soon found out that the credits not used in the machine could be transferred to another user.
Any credits were anonymous. Drug dealers and terrorists realised that they could deposit money into the Bit Coin system and transfer ownership to anyone in the World who was on the system. The recipient could then cash them in.
In other words, it was an internet Muslim banking system. Instead of a credit note being issued,a code number was now issued and whoever could enter that code, owned the coins. It is also a wonderful system, just to hide money from tax. The money goes to the far East and the coins can be cashed anywhere, at any time. You just cash in the coins,which are credited to your bank account and via internet banking may then go anywhere.