Will Iraq's oil sales turn from petro-dollars to petro-yuan?

Will Iraq's oil sales turn from petro-dollars to petro-yuan? To see this article in full  and more go to: My FX Buddies Blog  this is in Iraq's news Today, Wednesday, international agencies and newspapers revealed news of an Iraqi-Chinese agreement for trade exchange in the local currencies of the two countries. And the Chinese newspaper Global Times said, quoting statements by Chinese officials, translated by (Baghdad Today), that “the Central Bank of Iraq agreed with the Chinese side, to pay the value of trade exchanges (including oil, which constitutes 90% of trade exchanges between the two countries) in Chinese yuan instead. on the US dollar," pointing out that "this will lead to an improvement in the status of the Iraqi dinar," but at "the expense of weakening Iraq's dollar reserves."