The Saudis are a pillar a petrodollar system established in the 1970s that relies on pricing crude exports in the US currency.
They are now willing to settle oil trades in Yuan, Euros, Dollars and other currencies. If the Saudis do this, others will follow. pic.twitter.com/V94ahjXoGa
— Wall Street Silver (@WallStreetSilv) January 17, 2023
Not so good for the long term health of the dollar
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.