World News@lemmy.worldEnglish · 2 months ago

Exclusive: Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say

www.reuters.com

Exclusive: Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say

www.reuters.com

schizoidman@lemmy.zip to

World News@lemmy.worldEnglish · 2 months ago

reuters.com

www.reuters.com

Indian refiners have also used China’s currency to settle some of their Russian oil purchases.

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john_t@piefed.ee
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2 months ago
Won’t this strengthen the Yuan?
I thought it was being kept artificially devalued by the chinese government to keep exporting cheaper goods. If exports go down, unemployment goes up which may cause some…

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