China can succeed with petro-yuan where Gaddafi failed – killing the US dollar in oil trade

China can succeed with petro-yuan where Gaddafi failed – killing the US dollar in oil trade

Muammar Gaddafi wanted to shatter the dominance of the greenback in the Middle East by introducing gold-backed dinar, but failed. China has a chance to finish what he started, one industry expert has told RT. “Ideas related to oil trade in currencies other than the dollar arose more than once. 

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