Hopes to displace the US dollar as the global currency of choice for energy pricing appear overly optimistic. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Sorry folks, but there is no Chinese alternative to the petrodollar

‘Those who foresee in the pipeline a petroyuan to effectively challenge the hegemony of the petrodollar are ignoring the practical realities of the global financial system’

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Hopes to displace the US dollar as the global currency of choice for energy pricing appear overly optimistic. Photo: Reuters
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