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China and Iran to trade in RMB [Copy link] 中文

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Post time 2010-7-24 09:33:59 |Display all floors
China and Iran are in talks to settle contracts for oil in the yuan in the face of sanctions from the United States and Europe, Reuters reported, citing unidentified industry sources.

Iran would open a yuan-denominated account in China to receive payment for crude oil that the Middle Eastern country could use for purchases of fuel and equipment and to pay for projects.

China National Petroleum Corp. first made the proposal with Iran several months ago, the report said.

-bloomberg.com

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Post time 2010-7-24 09:44:03 |Display all floors
Originally posted by seneca at 2010-7-24 09:40
Good news. The Yuan gradually becoming a freely-convertible currency!


Not quite what George Soros would've liked, no doubt.

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Post time 2010-7-24 09:44:49 |Display all floors
Originally posted by baofeng at 2010-7-24 09:33
China and Iran are in talks to settle contracts for oil in the yuan in the face of sanctions from the United States and Europe, Reuters reported, citing unidentified industry sources.

Iran woul ...




Western God closes one door while Allah opening another one for Iran.

Good for China and Iran.

Frau Merkel and Mr. Obama, there goes your cash cow. Keep trying to contain Iran It is lame.

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Post time 2010-7-24 09:49:04 |Display all floors
Originally posted by seneca at 2010-7-24 09:40
Good news. The Yuan gradually becoming a freely-convertible currency!


Seneca, beggar my belief. It was once in a blue moon that you said something good for China.

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Post time 2010-7-24 10:04:41 |Display all floors
Originally posted by ilearnabc at 2010-7-24 09:49


Seneca, beggar my belief. It was once in a blue moon that you said something good for China.


He's waiting for China to have its own version of AIPAC.

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Post time 2010-7-24 10:07:13 |Display all floors
Special price for China, since no other customer ?

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Post time 2010-7-24 10:11:53 |Display all floors
Originally posted by faqfaq at 2010-7-24 10:07
Special price for China, since no other customer ?


Rudi, Danke fuer Merkel.



July 13, 2010


Reporting from Berlin Chancellor Angela Merkel can warn companies all she wants to stop doing business with Iran. Yet commerce between German firms and the Islamic Republic keeps expanding, as businesses here continue longstanding relationships with Tehran.

[ Last edited by ilearnabc at 2010-7-24 10:13 AM ]

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