China wants to dethrone the dollar and it could take a step in that direction before the end of the year. According to numerous reports, China is prepared to launch a yuan-denominated oil futures contract before Christmas. Last week, the Shanghai International Energy Exchange successfully completed a fifth round of yuan-backed oil futures testing. According to […]
A Nightmare Before Christmas: China Set to Launch Yuan-Denominated Oil Contracts
from SchiffGold.com http://ift.tt/2D4YSE4
