The U.S. Is Facing A Major Challenge As Petrodollar Loses Force | OilPrice.com
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In a press conference on January 17, Saudi Finance Minister al-Jadaan signaled that his country is open to trade crude in other currencies than the dollar, a signal that the petrodollar is no longer the one-and-only currency in energy trade

It will probably continue to outlive its welcome, but the storyline regarding Saudi Arabia and the seemingly terminally ill petrodollar gives us hope that US hegemony cannot last forever. It’s fun that the Mises Institute is concerned lol

  • Rye@lemmygrad.ml
    5·
    2 years ago

    I’m surprised they didn’t mention argentina and brazil creating a common currency, with the goal of creating an EU-like currency union for south america. despite that its still optimistic about the dollars future