The Point: Will petro-yuan replace petrodollar sooner?

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Published on 21 Feb 2019, 14:29
China, the world's biggest oil importer, wants to use its own currency to price the world's most-traded commodity and has already launched the first crude futures contracts priced in Chinese yuan on the Shanghai International Energy Exchange since March last year. How soon will the petro-yuan replace the petrodollar and break the dollar's hegemony?

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