Venezuela Published Oil Prices in Chinese Yuan, Snubbing the ‘Tyranny of the Dollar’

By Prophecy in the News - September 22, 2017 at 09:57AM

Could this trend lead to the erosion of the dollar’s reserve-currency status? On September 15, Venezuela began to publish prices for its oil in the Chinese yuan rather than in United States dollars, following President Nicolás Maduro’s promise earlier in the month to rid the South American country’s economy of the “tyranny of the dollar.” News […] The post Venezuela Published Oil Prices in Chinese Yuan, Snubbing the ‘Tyranny of the Dollar’ appeared first on Prophecy in the News.

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