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china, argentina to trade in chinese currency , page-9

  1. bitzer
    7,675 Posts.
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    01/04/09
    14:22
    Post #: 4968184
    The final nail in the coffin for US$ imo will be when/if it ceases to be the currency of choice for petro transactions. If this is achieved then there will be very little reason for anyone to demand US$

    Iran (4th biggest oil producer) and others have made noises in the past with regards to abandoning transactions in US$ and moving to Euro$ as alternative
    Value at posting: $0.00
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    lightbulb Created with Sketch.  Great analysis
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