Date: 2023-04-09T20:15:50Z Creator: Bitfolio Academy
The dollar as the world’s reserve currency is facing major headwinds. The death of the Petrodollar may be coming soon. Russia is bypassing the dollar by selling directly to China. Russia also sells directly to India in rupees. Iran & Venezuela are also selling their oil in Chinese Yuan. Now, The Saudis have applied for admittance into BRICS, and Saudi Arabia’s Crown Prince said that he is no longer interested in pleasing the U.S. says the WSJ. Also, after China brokered a peace treaty between Saudi Arabia and Iran, Saudi Arabia said it is considering selling oil to China for yuan instead of dollars. Is it happening? Is the petrodollar becoming a relic of the past? Stay tuned for more updates.
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