Iran is not merely proposing that some bilateral trade occur in yuan. It is proposing that access to the world’s most critical energy chokepoint be conditional on currency denomination. The practical consequence, if even partially adopted, would be a bifurcated global oil market.
#iran #yuan #china #dollar #trump #hormuz #oilcrisis #iranwar #oilcrisis #ship #geopolitics #khamenei #middleeast #gulfthisweek #gulf
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not a single word about it in germany.
We have our Baba BIBI and the urge to KISS the arse of the Trumpeter puppetmaster. So we Indians die die will not use RMB for Oil Passage through Hormuz. Jai Hind.
If Iran wants Yuan in exchange for oil, then the buyer countries will have to sell USD and buy Yuan, which will increase China’s foreign currency (USD) and also receive exchange commission. Iran would be better off taking EURO instead of Yuan.
One issue.. Countries don’t have yuan surplus like they have USD. (Due to a large trade imbalance with the Dragon). Need to see how all this will turn out.
New partnerships that Cladven annouced will skyrocket CDN token soon.
Petrol dollar system declined
This is actually not a big blow to the US. In fact yuan is backed by the enormous US treasury bonds that china holds. This is a big problem for india because it holds very little yuan and never had cordial relations with China
This news channel has very little know how of Iran , for a very long time Iran would trade with India in rupee and we had a bank called UCO bank that used to handle this , this never affected the dollar so Iran selling to china in yuan will also not affect the dollar