Can the ‘petroyuan’ really spur de-dollarisation?

by Rashmee

Posted on January 21, 2019

  They’re calling it the “petroyuan”. Those are the oil futures contracts denominated in yuan (renminbi), and launched on the Shanghai International Energy Exchange on March 26 for foreigners to directly buy and sell. Not too long ago, John Mathews and Mark Selden wrote in The Asia-Pacific Journal that China’s futures contracts have established themselves … Continue reading “Can the ‘petroyuan’ really spur de-dollarisation?”

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Rashmee has lived and worked in several countries in the past decade, including Afghanistan, India, Haiti, Tunisia, the UAE, US and UK