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Tag Archives: Renminbi
And So It Starts: the End of the Dollar
China Fires Shot Across Petrodollar Bow: Shanghai Futures Exchange May Price Crude Oil Futures In Yuan With the US shale revolution set to make America the largest exporter of crude, however briefly, the influence of Saudi oil is rapidly declining. … Continue reading
Chile Is Latest Country To Launch Renminbi Swaps And Settlement
Chinese Premier Wen Jiabao (L) shakes hands with Chilean President Sebastian Pinera during a welcoming banquet in Santiago, capital of Chile, on June 26, 2012. (Xinhua/Zhang Duo) From Zerohedge: The dollar exclusion list is becoming bigger and bigger with every … Continue reading