China will 'compel' Saudi Arabia to trade oil in yuan — and that's going to affect the US dollar
5 years ago
China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world's reserve currency, a leading economist told CNBC on Monday. Carl Weinberg, chief economist and managing director at High Frequency Economics, said Beijing stands to […]
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