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Posts Tagged: “de-dollarization“
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September 28, 2017
・Guest Commentaries
The World Is Creeping Toward De-Dollarization
Earlier this month, we reported a move by China that could foreshadow the end of the US dollar as the world reserve currency. The Chinese announced the launch of a gold-backed, yuan-denominated oil futures contract. The move potentially creates a way for oil exporters to circumvent US dollar denominated benchmarks by trading in yuan. The contracts […]