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Reports: China plans to issue oil contracts on 26 March
2018/02/09 14:08
(Encyclopedia of this Day News | Iraq News ) - Direct: According to the confiscation of press agency "Reuters" unnamed China plans to launch future oil contracts on 26 March, in a move long Antzaraha and compete largely dollar - denominated crude.
According to press reports yesterday, the final preparations for the release of crude oil futures in Chinese currency are now under way on the Shanghai International Energy Exchange.
"After five tests of the system last year, the trading platform faced a minor imbalance, but these issues will be addressed," said Tang Jun, vice president of the China Exchange.
The Chinese government aims to internationalize the yuan and carry out trade operations through its own currency, after being approved as the special drawing rights (SDR) currency of the International Monetary Fund (IMF).
By 10:30 am GMT, the benchmark Brent crude was down 0.5 percent at $ 64.49 a barrel.
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According to press reports yesterday, the final preparations for the release of crude oil futures in Chinese currency are now under way on the Shanghai International Energy Exchange.
"After five tests of the system last year, the trading platform faced a minor imbalance, but these issues will be addressed," said Tang Jun, vice president of the China Exchange.
The Chinese government aims to internationalize the yuan and carry out trade operations through its own currency, after being approved as the special drawing rights (SDR) currency of the International Monetary Fund (IMF).
By 10:30 am GMT, the benchmark Brent crude was down 0.5 percent at $ 64.49 a barrel.
Note: The content (reports: China plans to issue oil contracts on 26 March) was first published on the website (live website) and the encyclopedia of this news day is not guaranteed in any way.
You can see the details of this address (reports: China plans to issue oil contracts on 26 March) through its original source, any site (live website).
https://hathalyoum.net/articles/1477087-%D8%AA%D9%82%D8%A7%D8%B1%D9%8A%D8%B1-%D8%A7%D9%84%D8%B5%D9%8A%D9%86-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D8%A5%D8%B5%D8%AF%D8%A7%D8%B1-%D8%B9%D9%82%D9%88%D8%AF-%D9%86%D9%81%D8%B7-%D8%A8%D8%A7%D9%84%D9%8A%D9%88%D8%A7%D9%86-%D9%81%D9%8A-26-
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