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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Will the dollar withstand China's deadly blow?

    Rocky
    Rocky
    Admin Assist
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    Posts : 267081
    Join date : 2012-12-21

    Will the dollar withstand China's deadly blow? Empty Will the dollar withstand China's deadly blow?

    Post by Rocky Thu 29 Mar 2018, 3:55 pm

    [ltr]Will the dollar withstand China's deadly blow?[/ltr]
    [ltr]Economie[/ltr]
     Since 2018-03-29 at 18:15 (Baghdad time)
    [ltr]Will the dollar withstand China's deadly blow? 67767676764[/ltr]
    [ltr]Mawazine News - Follow up[/ltr]
    [ltr]The oil market on Monday is on a turning point as China launches a yuan-denominated futures exchange in an effort to curb the US dollar's control of global crude oil prices.[/ltr]
    [ltr]Trading in Chinese contracts has been delayed repeatedly, but the long-awaited moment has come and the futures contract has been shortened to "INE". After 20 minutes of opening, 14,000 trades have been made.[/ltr]
    [ltr]The delivery period for Chinese futures starts from September this year to March 2019. Standard oil prices were set at 416 yuan (65.8 US dollars), 388 yuan and 375 yuan per barrel, according to delivery dates.[/ltr]
    [ltr]China is seeking to reduce the dominance of the US dollar on oil trading, especially as the dollar is the only currency in which the pricing of oil on the stock exchanges, and therefore all trade between exporters and importers are conducted in US currency.[/ltr]
    [ltr]Chinese contracts have the opportunity to become a reference to the oil market, especially as China is the largest importer of crude oil, and will push the Chinese currency to occupy positions of leadership among currencies.[/ltr]
    [ltr]Analysts say that the launch of such a stock market will weaken the mechanisms of the US embargo, which depends on the dollar.[/ltr]
    [ltr](USD = 6.29 Chinese yuan)[/ltr]


    [ltr]https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
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      Current date/time is Thu 28 Mar 2024, 7:36 pm