Went through the rabbit hole for this and found that China offers to convert cou...

		whynotmaybe 20 days ago \| parent \| context \| favorite \| on: Iran oil revenue soars as it's the only exporter o... Went through the rabbit hole for this and found that China offers to convert countries' debt in USD to CNY with a very low interest. [1] Just by doing this, Kenya saved 215 millions USD... on a Chinese USD loan. [2] 1: https://www.chathamhouse.org/2026/01/chinas-12-trillion-trad... 2 : https://www.bloomberg.com/news/articles/2025-10-07/kenya-sna...

Very interesting. Of course, that puts them more under China's influence.