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The Gulf Region will sell crude oil in non-USD terms on a widespread basis and significant scale
Wed, Aug 2, 2017 Jim Willie CB 11,332

The Chinese Government is greatly irritated by the requirement to use US Dollars in payment for crude oil in the global market. The Beijing officials finally have some leverage in arranging for a major deal to pay for crude oil in RMB currency, their Yuan. The negotiations have been in progress for a couple months. The development is not covered well in the financial press, not even in the alternative media.