this post was submitted on 20 Apr 2026
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Indian refiners have also used China's currency to settle some of their Russian oil purchases.

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[–] thethrilloftime69@feddit.online 17 points 1 week ago (1 children)

We're about to go through a world changing shake up that likely leaves China as the dominant power on Earth.

[–] Malyca@lemmy.zip 9 points 1 week ago

Yep and it's all self inflicted

[–] tirateimas@lemmy.pt 12 points 1 week ago

It could have been EUR, Bitcoin, Yen or any other form of money. Recent Trump actions have not been very kind to the dollar's dominance.

[–] dogslayeggs@lemmy.world 10 points 1 week ago

India buying oil with Yuan.

UAE threatening a switch to Yuan.

The bricks are starting to fall, and it's not going to be a graceful collapse.

[–] john_t@piefed.ee 8 points 1 week ago* (last edited 1 week ago)

Won't this strengthen the Yuan?
I thought it was being kept artificially devalued by the chinese government to keep exporting cheaper goods. If exports go down, unemployment goes up which may cause some...

spoiler
social unrest

[–] venusaur@lemmy.world 7 points 1 week ago

This is a big deal if it becomes a trend.

[–] HellsBelle@sh.itjust.works 6 points 1 week ago (1 children)

There have been rumours of this happening since tRump's first term, and it seems it's slowly coming to pass.

[–] partofthevoice@lemmy.zip 1 points 1 week ago

Rome had hundreds of years to fall. What about this is slow?

[–] kmartburrito@lemmy.world 5 points 1 week ago

Fact : Trump ruins everything he touches