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Iran accepts yuan for crude oil
Financial Times – Iran is accepting renminbi for some of the crude oil it supplies to China, industry executives in Beijing and Kuwait and Dubai-based bankers said, partly as a consequence of US sanctions aimed at limiting Tehran’s nuclear programme. Tehran is spending the currency, which is not freely convertible, on goods and services imported from China. Read Article
Tags: Asia, energy resources, financial system, Iran, Middle East, North America
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