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Non-dollar oil trade: a distant dream or a feasible reality?

Oil Markets

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The Importance of Currency in the Global Trading Space

The obvious choice, if you're asking me, should be the Chinese renminity. The problem is it's not a convertible currency. If China's been working, just 2005 should make it more convertible. But this, a long way from now, and it's a long way to go before they do something. I don't see any other currency that can for many reasons.

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