Africa Speculates Joining Russia, China, India and EU in the “De-Dollarisation” of Oil Trades

The Most Revolutionary Act

By True Publica
>Global Research, June 04, 2018

TruePublica

The Mises Institute asked the question last September: “What indications are there that the world is turning its back on the US dollar?” – It did, in fact, answer that question (below), but here are just some of the more recent moves that just six months ago would have seemed unlikely.

We reported on March 26 this year that China had finally launched a yuan-dominated oil futures contract after nearly a dozen false starts over a decade. With that approval, the “petroyuan” became real and China set out to challenge the “petrodollar” for dominance.

Russia was already transacting oil in rubles and been working up those trades since 2015 as a result of sanctions imposed by the West.

The EU has made arrangements recently to settle Iranian oil trades in euros as a direct result of Washington withdrawing from the Iran…

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About michelleclarke2015

Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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1 Response to Africa Speculates Joining Russia, China, India and EU in the “De-Dollarisation” of Oil Trades

  1. Thanks for reblogging, Michelle.

    Like

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