The petroyuan — oil and energy trades settled in Chinese yuan rather than US dollars — is not emerging exclusively because countries want to ideologically hammer the dollar, although that it is inevitably part of it. It is emerging as a financial force because, under pressure, nations need another way to get deals done. The [...] The post Petroyuan will mature in bursts of crisis appeared first on Asia Times . 2026-04-22 13:01:08
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The petroyuan — oil and energy trades settled in Chinese yuan rather than US dollars — is not emerging exclusively because countries want to...
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