rcbrk@lemmy.ml to Australian News@aussie.zoneEnglish · 2 months agoBHP agrees to settle some iron ore sales to China using RMB instead of USDwww.steelorbis.comexternal-linkmessage-square7fedilinkarrow-up120arrow-down10
arrow-up120arrow-down1external-linkBHP agrees to settle some iron ore sales to China using RMB instead of USDwww.steelorbis.comrcbrk@lemmy.ml to Australian News@aussie.zoneEnglish · 2 months agomessage-square7fedilink
minus-squarercbrk@lemmy.mlOPlinkfedilinkEnglisharrow-up6·2 months agoIt seems strange that trade between China and Australia would be in USD.
minus-squareNorah (pup/it/she)@lemmy.blahaj.zonelinkfedilinkEnglisharrow-up7arrow-down1·2 months agoTrade between most countries is settled in USD. Power of the petrodollar and all that.
It seems strange that trade between China and Australia would be in USD.
Trade between most countries is settled in USD. Power of the petrodollar and all that.