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RSS FeedsDollar oil futures contracts: The China challenge
(WorldNews China)

 
 

18 february 2018 20:56:03

 
Dollar oil futures contracts: The China challenge
(WorldNews China)
 


In the next four weeks the global international finance system would witness adjustments as the Chinese launch its oil futures contracts in its currency, the Yuan. The March 26, date fixed by the Chinese authorities would signal a prop up of the Yuan, its use as global currency, and probably put an end to the entrenched practice in paying for crude oil in United States dollar. ......


 
5 viewsCategory: General > Asia > China
 
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