China, the biggest importer of oil in the world, and Saudi
Arabia’s largest customer, now is taking steps to have oil purchases
denominated in yuan. This could be the start of the end of the dollar as the
world’s primary reserve currency. See https://www.reuters.com/article/us-china-oil-yuan-exclusive/exclusive-china-taking-first-steps-to-pay-for-oil-in-yuan-this-year-sources-idUSKBN1H51FA.
A blog musing about life, SR&ED issues, with observations about economics, history, and philosophy.
Friday, 13 April 2018
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