Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, May 15, 2012

Yuan Used by China to Buy Iranian Oil

Yuan Used by China to Buy Iranian Oil
http://www.darkgovernment.com/news/yuan-used-by-china-to-buy-iranian-oil/

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

Oil transactions are usually settled in dollars but US sanctions make it
difficult for Iran to accept payments in the US currency.

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