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Which major oil country has begun to announce the settlement in RMB? What impact will it have on the dollar?
Russia, Iran, Venezuela and so on. The dominance of the dollar will be affected, because the dollar is linked to oil. The announcement by major oil countries that oil will be settled in RMB will impact the use of the US dollar, which is not conducive to the exchange function of the US dollar to profit from it.

Reply time: 2020- 1 1-25. Please refer to the latest business changes announced by Ping An Bank in official website.

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