economy foreign policy china oil us dollar

Will Saudi Arabia Begin to Sell Oil in Yuan? | Anas Alhajji | YDHTY, S2E38

The Saudi government made headlines in March when it hinted it might accept payment for oil in China's currency, the renminbi. This breaks with the longstanding tradition of OPEC buying and selling oil exclusively in US dollars, and is thought to be a move towards creating an alternative system of...
Read Post