Exclusive: Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say (www.reuters.com)
from schizoidman@lemmy.zip to world@lemmy.world on 20 Apr 13:39
https://lemmy.zip/post/62882523

Indian refiners have also used China’s currency to settle some of their Russian oil purchases.

#world

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tirateimas@lemmy.pt on 20 Apr 13:47 next collapse

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.

venusaur@lemmy.world on 20 Apr 14:01 next collapse

This is a big deal if it becomes a trend.

thethrilloftime69@feddit.online on 20 Apr 15:45 collapse

We’re about to go through a world changing shake up that likely leaves China as the dominant power on Earth.