📌 "Deutsche Bank": Iran's war paves the way for the rise of "petro-yuan" at the expense of the dollar
📍Bank: The position of the US dollar is threatened in oil trade, savings, and as a global reserve currency after recent events
📍Tehran requires tankers to pay fees in Chinese currency to pass through the Strait of Hormuz amid warming relations with Beijing
📍China intensifies its efforts to enhance the global presence of its currency in a bid to challenge the dominance of the dollar in trade and finance
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