Friday, 30 March 2018

China to commence payment for crude oil imports in yuan

China to commence payment for crude oil imports in yuan

OpeOluwani Akintayo, with agency reports 30 March 2018, Sweetcrude, Lagos – China has commenced plans to pay for crude oil imports using its own currency, Yuan, instead of the U.S. dollar, according to Reuters report. According to the report, the move is part of Beijing’s efforts to establish its currency internationally. Oil is the world’s most …

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