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De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction

De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction

by Contributing Author | Oct 21, 2023 | Headline News

This article was originally published by Tyler Durden at ZeroHedge.  De-dollarization continues accelerating with news of the Shanghai Petroleum and Natural Gas Exchange (SHPGX), a Chinese-backed exchange for trading energy-related products, settling its first...
De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction

Will A New BRICS Currency Backed By Gold Mean The End Of Global Dominance For The U.S. Dollar?

by Contributing Author | Jul 26, 2023 | Headline News

This article was originally published by Michael Snyder at The Economic Collapse Blog.  Is the global dominance of the U.S. dollar in danger?  In recent weeks, there has been lots of speculation about the introduction of a new BRICS currency that would be backed by...
Putin Signs Decree Ordering Gas Exports To Be Halted If Buyers Don’t Pay In Rubles

Putin Signs Decree Ordering Gas Exports To Be Halted If Buyers Don’t Pay In Rubles

by Mac Slavo | Mar 31, 2022 | Headline News

This article was originally published by Tyler Durden at ZeroHedge.  Contrary to expectations that Vladimir Putin was bluffing about collecting rubles in exchange for Russian energy exports, moments ago a decree signed by the Russian president confirmed that that was...
China Challenges The US Dollar By Launching Petro-Yuan: Dollar’s Death Imminent?

China Challenges The US Dollar By Launching Petro-Yuan: Dollar’s Death Imminent?

by Mac Slavo | Mar 26, 2018 | Conspiracy Fact and Theory, Forecasting, Headline News

China is the world’s largest crude oil consumer, and its eyes are now on the rival United States’ currency, the dollar.  The Chinese have effectively challenged the dollar’s dominance by launching the petro-yuan, leading some to believe the US...

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