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Iran is accelerating the process of "Petro-Renminbi"
ME News message: On April 11 (UTC+8), the petroyuan has reached a critical point, and Iran is accelerating the final strike of “de-dollarization.” Alasdair Macleod, a global leading precious-metals analyst, pointed out that in pushing for the “petroyuan,” Iran’s actions are more direct and more aggressive than China’s. To a certain extent, it is accelerating the weakening of the foundation of the U.S. dollar system at the cost of the “petrodollar.” (Source: PANews)