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Dollar no longer primary oil currency as China begins to sell oil using Yuan

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At www.examiner.com

The most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissinger forged a trade agreement with the Royal House of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

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At www.examiner.com


 

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The United States continues to suffer economic dif... by Lance Ciepiela on Tuesday, Nov 13, 2012 at 9:57:45 AM