Russia will soon issue $6 billion in bonds accepting Yuan as payment
for its oil exports to China in 2018. Note that Russia is the world’s
largest oil producer.
This is also set to coincide with Yuan oil futures contracts trading in Shanghai this coming year.
The resulting new global financial order, once completed, will almost
completely replace the Bretton Woods agreement established in 1944.
https://www.cnbc.com/video/2017/10/24/china-wants-to-dethrone-the-dollar.html?__source=cnbcembedplayer
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