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60 sats \ 5 replies \ @Undisciplined 26 Sep \ on: The Daily Zap — Latest News and Updates alter_native
I'm not surprised China is trying to do its own Petrodollar thing, but why would the other members agree to it?
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67 sats \ 4 replies \ @Coinsreporter OP 26 Sep
I don't see they would all agree. I can confirm India at least wouldn't agree and I don't even see Brazil and South Africa getting ready to it. It's just hype right now. India can also play a double game here.
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20 sats \ 3 replies \ @Undisciplined 26 Sep
I could see Russia or Brazil accepting Yuan for oil, but a Petroyuan would mean that India is agreeing to pay for oil with Yuan. That seems far-fetched.
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55 sats \ 2 replies \ @Coinsreporter OP 26 Sep
Why do you think Brazil would agree? I think only Russia would support it. India is not gonna accept it and instead India would say we will launch a petrorupee! 😜
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20 sats \ 1 reply \ @Undisciplined 26 Sep
Brazil buys stuff from China, so they have demand for Yuan. I don't mean that they would agree to requiring everyone else to pay with Yuan, just that they would allow the Chinese to do so.
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47 sats \ 0 replies \ @Coinsreporter OP 26 Sep
I agree on this. They buy a lot from China and it can be good for them, for Russia as well.
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