An Assessment on whether the Euro or the Chinese RMB, is a greater threat to the US dollar position as the key currency

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Chinese RMB is likely to have a better position to replace the US dollar position. The first compelling reason dwells around the oil trade, which is viewed as a key to Chinese RMB. China is a renowned importer of crude, which increases the global demand for the RMB. Moreover, China has been on the rise in terms of global trade as well as the financial markets…

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