Iran dumps dollar for yuan
www.asiatimesfinancial.com
Adoption of Chinese RMB as foreign reserve currency seen as latest move to bypass US sanctions and revive oil sales
  • cracksmoke2020 [none/use name]
    ·
    4 years ago

    Not at all, oil is still tied to the dollar, Iranian oil is not being traded on US dollar markets already to the same extent because of sanctions against them. Them tying themselves to the RMB kind of allows them to skirt the sanctions.