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Saudi Arabia Considers Accepting Yuan instead of US $$ for Oil Sales!
https://www.youtube.com/watch?v=6NUdsquVRAU
Saudi and Chinese officials are currently in talks to price some of the Saudi’s oil sales in Chinese Yuan currency rather than the US dollars or Euros. Is this the beginning of the end for the US $$ global hegemony? An alternative to SWIFT?
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1 person likes this. Showing 9 of 9 comments
USD already lose its credibility as the world currency since freeze Russia assets thru SWIFT.... so, both India and Arab Saudi start using CNY as alternative for oil business.... Nothing can stop USD lose of dominance due to own doing creating so many enemy
2022-03-17 09:11
any country bankrupt of USD, have no choice but to start using digital yuan to trade... earning so much USD meaningless when barbarian just simply freeze your account.... in other words, all USD assets burnt like hell money...USA admit its hell money ma
2022-03-17 09:16
any country with huge USD bond reserves like China, Japan, Taiwan, HKG, etc. be cautious - anytime barbarian burnt your assets...no need to service loans anymore... trillions of USD govt. debts wiped out in one day...
2022-03-17 09:27
India has 4th largest foreign exchange reserves in the world with over usd640billion. So, Is India also a sucker?
2022-03-17 14:23
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https://www.ibtimes.sg/setback-petrodollar-saudi-arabia-considers-accepting-chinese-yuan-oil-trade-says-report-63422
2022-03-16 22:02