[Marxism] Dollar no longer primary oil currency as China begins to sell oil using Yuan

Daniel Rocha danieldiniz at gmail.com
Fri Sep 21 11:57:28 MDT 2012


I think they are trying to get around interference from western powers,
specially USA, to realize payments. For example, it would be easy to get
around random sanctions against Iran if payments and credits were dealt in
Yuan.


2012/9/21 Nathan Weinstein <nat at socialistviewpoint.org>

> ======================================================================
> Rule #1: YOU MUST clip all extraneous text when replying to a message.
> ======================================================================
>
>
> According to my reading of the Examiner report, China will be paying
> Russia with yuan not dollars. Perhaps they are counting on Venezuela and
> others enjoying profitable trade relations with China and Russia following
> suit?!
> Nat


-- 
Daniel Rocha - RJ
danieldiniz at gmail.com



More information about the Marxism mailing list