petrodollar
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It is uncertain if the petrodollar is on its way out, but it is sure coming under threat. The petrodollar system refers to the practice of pricing and trading oil in US dollars. This system has been in place for several decades and has provided major global demand for the US dollar. Q4 2022 hedge fund letters, conferences and more Nevertheless, it is important to note that this is still a developing situation and it is difficult to predict exactly how it will evolve in the future. Russia, China, And Saudi Arabia Moving Closer To Drop Petrodollar?There has been much speculation in recent years ...
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