Will Saudi Arabia announce the yuan will be accepted as alternative to the US dollar for oil purchases by the end of 2023?
53
960Ṁ13k
resolved Jan 1
Resolved
NO

Resolves YES if Saudi Arabia announces they will accept Chinese Yuan as an alternative to the US Dollar to settle oil purchases by the end of 2023. Resolves NO if not.

While visiting Saudi Arabia in early December 2022 Xi Jinping called for this specifically at a summit of Arab leaders.

Dec 2, 11:52pm: Will Saudi Arabia announce the yuan will be accepted as alternative to the US dollar for oil purchases by the end of 2022? → Will Saudi Arabia announce the yuan will be accepted as alternative to the US dollar for oil purchases by the end of 2023?

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Hasn’t happened yet

https://manifold.markets/VAfc3f/will-saudi-arabia-join-brics-bank-b

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petrol yuan
predictedYES

It has definitely been in the news https://qz.com/2143450/saudi-arabia-wants-to-sell-its-oil-in-yuan-not-dollars

Why it matters if Saudi Arabia sells oil in Chinese yuan instead of US dollars
What would happen to the US economy, and to the US dollar as the world's reserve currency, if the Chinese yuan became the oil industry's currency of choice?
predictedNO

@BTE That was published March 17th, 2022. All I can find in recent times is very low quality Chinese spam/propaganda.

There's been no news on this for months, and the Yuan is weak currently.

This market should be decaying significantly, not the steady slight rise (unless I'm missing something).

predictedNO
Will Saudi Arabia announce the yuan will be accepted as alternative to the US dollar for oil purchases by the end of 2023?

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