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Saudi Arabia Abandoning PetroDollar for PetroYuan.
#dollar #pertodollar #PetroYuan #china #gold #BrettonWoods #commodities #inflation #geopolitics
Today we will look at how the move away from the Petrodollar is accelerating as Saudi officials seriously consider accepting the Chinese yuan in exchange for oil.
This, in our opinion, marks a significant shift and point of no return for the importance of the dollar as the world's major reserve currency.
WSJ article - Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales: https://archive.ph/pD9A0#selection-3853.5-3853.83
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