Supporters of Pakistan's ousted prime minister Imran Khan, take part in an anti-government demonstration to a protest against the inflation and fuel price hike in Karachi on June 3, 2022.
Pakistan will do anything to get cheap oil as its economic crisis drags on — including paying for it in the Chinese yuan.
  • Pakistan, a country reliant on imported energy, is mired in an energy crisis.
  • It's in such dire straits that it's joining a list of countries moving away from US dollar-denominated trade.
  • An energy official signaled the country could use the CNY to pay for Russian crude oil, per a report.

The Chinese yuan is gaining traction in cross-border payments — even for trades that don't involve China.