In shift away from US dollar, Iraq to allow trade with China in yuan
Some countries in the region are increasingly looking away from the dollar.
![KIRILL KUDRYAVTSEV/AFP via Getty Images](/sites/default/files/styles/article_hero_medium/public/2023-02/GettyImages-1246948872.jpg?h=b2c59e98&itok=lNCgSHJA)
The Iraqi Central Bank said on Wednesday that it will conduct trade with China in its currency, the yuan.
“Financing of foreign trade with China will be organized directly using the Chinese yuan,” the bank said in a statement.