The mighty Renminbi?

by Rashmee

Posted on February 25, 2019


Economist David Lubin begins his excellent piece on the Renminbi with a telling quote. “Great powers”, says the Nobel-laureate economist Robert Mundell, “have great currencies”. So where is China’s, asks Mr Lubin, author of ‘Dance of the Trillions: Developing Countries and Global Finance’. In the past 11 years, one might have expected the Renminbi to … Continue reading “The mighty Renminbi?”

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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