Iran and China are in talks to use the yuan to settle sales and purchases, Reuters reported Friday, citing unnamed sources.
Iran
and
China
are
in talks to use the yuan to settle sales and purchases, Reuters reported
Friday, citing unnamed sources.
Iran
is
China
's
third biggest source of crude, the report said, adding that a yuan account may
be set up in a Chinese bank for such an arrangement.
Iran
faces
increasing sanctions, pushed for by Western powers, over its use of nuclear
energy.
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