Comment: New International Money Plans:

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New International Money Plans:


Samoa traders will be able to purchase Chinese goods in Chinese currency, directly, within four to six weeks, according to a senior banking official from A.N.Z..{ Australia New Zealand Bank}

That’s instead of having to first pay the extra cost of converting Samoan tala {Paper money} into another foreign currency, usually the United States dollar. A.N.Z. bank announced yesterday that it was in the process of introducing direct currency relations across the Pacific Islands, including Samoa, to China.

“We have introduced the Renminbi to Papua New Guinea and Fiji already,” said Arjan Roukema, A.N.Z.’s Head of Global Markets Pacific.

“At the moment we are in the process of rolling that out to all the other Pacific Islands as well.”

More at the link above.