Obama vs. Romney II : Town Hall Debate @ 9pm ET

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ROFL_GUY

ROFL_GUY

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g-ice said:
How many times has he brought up China? :why: Seriously?
Click to expand...

"1-Iran accepts Chinese yuan in exchange for oil"
UPDATE 1-Iran accepts Chinese yuan in exchange for oil | Energy & Oil | Reuters
ABU DHABI May 8 (Reuters) - Iran is accepting yuan for some of the approximately $20 billion worth of crude the OPEC member supplies to its main client, China, annually, an Iranian diplomat said on Tuesday, as the two countries try to maintain trade ties despite Western sanctions.

U.S. sanctions against Iran have made paying for its crude with hard currency difficult for top oil customers including China and India, forcing them to look for alternatives.

The U.S. dollar and euros are the two main currencies used in the global oil trade.

But tougher Western measures aimed at pressuring Iran to halt its nuclear programme have forced importers of Iranian oil to pay in the Korean won and the Japanese yen.

The Financial Times on Monday reported that China for months has been transferring renminbi to Tehran through Russian banks to pay for Iranian crude. OPEC's second largest oil producer was using the currency to spend on goods and services imported from China.

Initially, the non-barter portions of the transactions were settled in Beijing through renminbi accounts but, as a result of U.S. pressure, domestic banks such as Bank of China had stopped dealing with Iran, the newspaper said, citing unidentified industry executives.

"Yes, that is correct," Mohammed Reza Fayyaz, the Iranian ambassador to the United Arab Emirates, told Reuters when asked to comment on the report.



THE LAST COUNTRY WHO THREATNED To not use $US Dollars


WAS IRAQ


connect the dots junior
 
C

charknicks

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Ok, Romney, so if government DOESNT create jobs, then 1. how is the unemployment rate Obama's fault, and 2. how will you help get old boy from earlier or anyone else jobs as president?

Romney may have just lost the election with that sentence!
 
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