Saudi Arabia has dropped the petrodollar and is reorienting its trade to align with China and its digital RMB system. What are your predictions?
Saudi Arabia has dropped the petrodollar and is reorienting its trade to align with China and its digital RMB system. What are your predictions?
Interesting times ahead.
I was wondering what you all see happening from this point and what sort of timeframes you think these things will play out on.
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The petrodollar hasn't really mattered since the 70s, when the US dollar became the world's premier banking reserve currency
Well oil trade makes up part of the demand of why USD is the reserve currency no? Ofc it used to be a much larger portion of the total demand
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Thanks, that was an awesome breakdown
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