Kenya to host first yuan clearing house in Africa Tags: AFRICA - TopicsExpress

Kenya to host first yuan clearing house in Africa Tags: AFRICA CHINA COVER-UP/DECEPTIONS/PROPAGANDA Kenya wants to host a clearing house for China’s yuan currency – a bold African first that would deepen the continent’s ties with Beijing, already a big investor from The Cape to Cairo. Such a venture would not eclipse the dollar in Africa anytime soon, however, because the yuan is tightly managed and traders are wedded to the greenback’s flexibility. Africans can already get quotes for their currencies against the yuan . A clearing house would cut the need for dollar settlements, speed things up and reduce costs. Kenya made this announcement just 2 days BEFORE the attack on the mall in Nairobi!

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