[nikos1121]

Let me get this straight. THey use their own currencies which they devalue almost monthly, they’ll be paying more for oil on the market?

[G Larry]

Ya....that’ll teach Trump.....

[mac_truck]

Let me get this straight. THey use their own currencies which they devalue almost monthly, they’ll be paying more for oil on the market?

If China can buy oil from Russia and Iran using yuan and accept receipts for their exports in rubles and rials, its no one's loss except maybe the United States.

I'd expect other emerging markets to gravitate toward such a system also, where purchasing power isn't dominated by out sized reliance on US dollars.