Petro-Yuan To Launch Renminbi As Global Currency & Kneecap Petro-Dollar | WHAT REALLY HAPPENED

Petro-Yuan To Launch Renminbi As Global Currency & Kneecap Petro-Dollar

Yuan-backed oil futures can shatter the US dollar dominance on the crude market, according to experts polled by RT. However, the greenback will not give up the top spot easily.

“The question number one is whether China will be able to make the oil market its demand market, and not the oil supply market traded in dollars, which it is now,” Vladimir Rozhankovsky, Global FX Investment analyst, told RT. China has recently overtaken the US as the world's number one oil buyer.

The question number two is trade wars ... ">>>
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“The trade war between the US and China has already begun. China has plans to promote the renminbi as a reserve currency and there is no better move than to purchase raw materials in its national currency. It can save money on the currency conversion and become less dependent on the US dollar,”
Stanislav Werner, head of the analytical department of Dominion, told RT
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