Quote:
Originally Posted by OneHungLo
But China is hoping it's launch of the petroyuan contracts will help speed up the internationalization process - and the ascendance of the yuan as a reserve currency. For now at least, it needs to appease the US.
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Read that very carefully and let it, and the effects sink in...
btw
"It was first outlined by China’s finance ministry in November. At the time, Zhu Guangyao, vice-finance minister, also said the cap would be lifted within three years."
Go TRUMP!!!!