India and Russia, two major players in the oil trade, have recently started conducting their transactions in Chinese Yuan. This move is seen as a significant shift and is believed to have implications for global dominance, particularly in terms of the US dollar’s supremacy. Experts argue that this marks a departure from the traditional norms that have long favored the dollar as the dominant currency in international trade.
India-Russia Oil Trade Shifts to Chinese Yuan: Implications for Global Dominance?
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