Late last month, China finally launched its much anticipated yuan-denominated oil futures contract. Many analysts think this is yet another sign that the mighty dollar’s world dominance is coming to an end. The yuan-based oil contracts were a long time coming with several announcements and false … [Read more...] about The Petroyuan Is For Real
China Prepares Death Blow to the Dollar
On March 26 China finally launched a yuan-dominated oil futures contract. Over the last decade there have been a number of “false-starts,” but this time the contract has gotten approval from China’s State Council. With that approval, the “petroyuan” will become real and China will set out to … [Read more...] about China Prepares Death Blow to the Dollar