The realignment of global oil trade from USD to CNY is going to happen much faster than anyone expects.
https://x.com/Kathleen_Tyson_/status/2035669617436168661
The realignment of global oil trade from USD to CNY is going to happen much faster than anyone expects.
Why?
Risk management and self-interest align with CNY use.
CNY is kept stable in relation to USD within managed bands by PBoC.
60+ central banks have CNY swap lines from PBoC for assured liquidity, collateralised in their own currencies.
CIPS payments between 11,000 banks globally cannot be disrupted by US sanctions or Swift.
And the whole world, ex-Epstein Class, detests US bullying and endless harassment, regime change, and wars.

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