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0 pointsdirewolf201mo ago0 comments

Which is why the US historically bombed any country that sold oil for other currencies, but now china is negotiating the petroyuan and it's working.

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mayhemducks1mo ago

Interesting - The petroyuan was not on my radar at all.

https://ipr.blogs.ie.edu/2025/06/27/geopolitics-of-oil-how-c...: This article explores case studies such as Russia, Iran, and Venezuela, illustrating how the petroyuan has been implemented to bypass sanctions and reduce dependence on US financial systems.

direwolf20OP1mo ago

It's ironic, isn't it? After going to war so many times to protect the petrodollar, the US deleted the petrodollar itself.

timtas1mo ago

The petroyuan faces a big problem, which is lack of trust in the CCP to preserve its value.

As mentioned, there’s also mounting dissatisfaction and distrust in the petrodollar, but the devil you know…

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