Indian refiners have also used China’s currency to settle some of their Russian oil purchases.
This is a big deal if it becomes a trend.
We’re about to go through a world changing shake up that likely leaves China as the dominant power on Earth.
Yep and it’s all self inflicted
It could have been EUR, Bitcoin, Yen or any other form of money. Recent Trump actions have not been very kind to the dollar’s dominance.
There have been rumours of this happening since tRump’s first term, and it seems it’s slowly coming to pass.
Won’t this strengthen the Yuan?
I thought it was being kept artificially devalued by the chinese government to keep exporting cheaper goods. If exports go down, unemployment goes up which may cause some…spoiler
social unrest
India buying oil with Yuan.
UAE threatening a switch to Yuan.
The bricks are starting to fall, and it’s not going to be a graceful collapse.
Fact : Trump ruins everything he touches
