China buying oil from Iran with yuan

Discussion in 'Currencies' started by Thehep, May 8, 2012.

  1. Thehep

    Thehep New Member

    Joined:
    May 8, 2012
    Messages:
    4
    Likes Received:
    0
    Trophy Points:
    0
    Guys just registered on your forum check out this article;

    Ground breaking;

    China buying oil from Iran with yuan

    China is buying crude oil from Iran using its currency the yuan, an Iranian diplomat has said.

    http://www.bbc.co.uk/news/business-17988142
     
    Thehep, May 8, 2012
    #1
  2. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    Sounds like a private gold backed deal based upon the earlier arrangement to buy oil with gold.
     
    JulieW, May 8, 2012
    #2

Share This Page