Sudan pushes for Chinese yuan over US dollars

by admin
Dec 27, 2011

Sudan has requested China to trade in yuan and Sudanese pounds instead of US dollars, the central bank governor, Mohamed Khair al-Zubair, announced Wednesday.

Khair al-Zubair told reporters,

"If the Chinese agree to that, we might quit completely from dollars."

"The Chinese economy is now the second biggest in the world and soon will become the biggest."

China is currently Sudan's biggest trading partner, with the Chinese estmating two-way trade between the two states at $10 billion last year. China remains the largest foreign investor in Sudan's oil industry.

See related articles:

U.S. extends sanctions on Sudan (01 Nov 2011)

US backs action on UN report on Sudan atrocities (21 Aug 2011)

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