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BNP Paribas Asset Management

2021 Top 500 ranking: 27

The renminbi’s creeping internationalisation

The renminbi’s creeping internationalisation

China has recently revived talks with Saudi Arabia on settling some oil trades in renminbi in a move that many market players see as a first step towards gradually shifting the global oil trade to the renminbi from the US dollar, creating the ‘petro-yuan’.

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