Some countries are making deals in local currency to avoid U.S. sanctions on Iran. Fox and Rush didn't tell you that, did they? Of course not -- they hate Obama, and want you to think America is failing.
The Russia/China story that you're all aquiver about dates back 2.5 years: Russia, China to Promote Ruble, Yuan Use in Trade (Update2) By Lyubov Pronina and Alex Nicholson [Bloomberg] - June 17, 2009 10:26 EDTJan. 23  (Bloomberg) -- Iran has asked India to pay for oil partly in yen as the two nations seek an agreement on how to maintain trade amid tightening global sanctions [...]
U.S. President Barack Obama on Dec. 31 signed into law measures that deny access to the U.S. financial system to any foreign bank that conducts business with the central bank of Iran.
Iran Said to Seek Yen Oil Payments From India Amid Sanctions - BusinessWeek