Jim Rogers Shifts Assets Out of Dollar to Buy Yuan

“It’s the official policy of the central bank and the U.S. to debase the currency,” said Rogers, a former partner of George Soros.”

By Marcel van de Hoef and Danielle Rossingh
October 24, 2007

(Bloomberg) — Jim Rogers, chairman of Beeland Interests Inc., said he is shifting all his assets out of the dollar and buying Chinese yuan because the Federal Reserve has eroded the value of the U.S. currency. Full Report