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Sun 29 Aug 2021, 22:15 by JudeTHE OLIVE BRANCH | GOD IS MY SALVATION
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DAHBOO 777 - GAME CHANGER! CHINA TO BUY OIL WITH GOLD-BACKED YUAN, RUSSIA'S BACKDOOR DEALS
END TIME NEWS, A CALL FOR REPENTANCE, YESHUA THE ONLY WAY TO HEAVEN :: CHRISTIANS FOR YESHUA (JESUS) :: U-TUBE VIDEOS OF WORLDWIDE EVENTS :: DAHBOO 77
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DAHBOO 777 - GAME CHANGER! CHINA TO BUY OIL WITH GOLD-BACKED YUAN, RUSSIA'S BACKDOOR DEALS
Jude Thu 14 Sep 2017, 01:50
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports.
The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of U.S. dollar trade could allow oil exporters such as Russia and Iran, for example, to bypass U.S. sanctions by trading in yuan, according to Nikkei Asian Review. To make the yuan-denominated contract more attractive, China plans the yuan to be fully convertible in gold on the Shanghai and Hong Kong exchanges.
Learn More:
https://www.rt.com/usa/403118-usa-chi...
http://russia-insider.com/en/politics...
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END TIME NEWS, A CALL FOR REPENTANCE, YESHUA THE ONLY WAY TO HEAVEN :: CHRISTIANS FOR YESHUA (JESUS) :: U-TUBE VIDEOS OF WORLDWIDE EVENTS :: DAHBOO 77
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