Petroyuan will mature in bursts of crisis

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