China | Geo Economics | Iran | United States
THE YUAN REVOLUTION: How China is Challenging Dollar Dominance in Global Oil Trade
(By Ayesha Mahnoor) The Chinese yuan has strengthened to 6.8982 against the US dollar in March 2026, marking a three-year high and reflecting a significant shift in global currency dynamics. This appreciation coincides with an accelerating trend of countries paying for oil in yuan rather than dollars—a development that challenges the seven-decade dominance of the…