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RE: PetroYuan Futures Successfully Launched: Trades Over 40k Lots.

in #market7 years ago

The Petro-Yuan is an interesting one if you think about the dollar as being a backed currency rather than a fiat currency. It has been backed by oil in reality. Since QE and fall of the oil price in the past 10 years that backing has now been effectively destroyed. I think the petro-yuan is just the beginning, other asset backed national currencies will emerge.

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