Yuan pricing of oil is coming, economist says (Video)
Yuan pricing of oil is coming, economist says Video – CNBC
TDC Note – This is already known. This is the third attempt at launching a yuan/oil contract. This latest contract offering is going to work as Russia and Iran have already signed off. Now you have two of the larger oil producing nations accepting renminbi/yuan for oil instead of Federal Reserve Notes for oil. Venezuela is also accepting Renminbi/yuan for their oil. It appears that Saudi Arabia is working something out through Russia for Aramco and the possibility of OPEC nations moving away from Federal Reserve Notes has just become a reality.