The World’s New Reserve Currency? Everything You Need to Know About PetroYuan
The comments above & below is an edited and abridged synopsis of an article by Tyler Durden
The petroyuan is on the verge of becoming reality; the birth of a yuan-denominated oil contract will be a huge story in the fourth quarter, and will be a wake up call for investors who haven’t paid attention to the plans.
Judging by the interest in the topic, investors are less informed than many believe, and so the different teams within Société Générale Cross Asset Research examine what this contract would mean for the global oil markets and for the internationalization of the yuan—if it gets off the ground.
Up for discussion: Part 1—The proposed yuan-denominated crude oil futures contract, and Part 2—Another step towards currency internationalization.