Will Saudi Arabia agree to sell oil to China in Yuan by March 15th 2024?
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Ṁ3.7kresolved Mar 31
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This market will resolve to “Yes” if Saudi Arabia agrees to price oil sales to China in Yuan for at least 1 million tonnes of crude oil before March 15th 2024, 11:59 PM ET. This market will resolve to “No” otherwise. Sources for verification will include official statements or a consensus of credible reporting.
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The Chinese economy is floundering, their currency is weak (at least 10-year low vs. USD), and their economic numbers are no longer being reported. Yuan doesn't trade as an international currency because to sell it in quantities of six figures or more you need to receive authorization from the central government.