Is the Age of the PetroDollar Over?
In 2003, the three of the Open Nations started using the Euro and Yuan in their international oil trading. It signaled the first time that the 'almighty' dollar' was no longer the desired reserve currency - a shift, though subtle, had / has far-reaching implications concerning the global confidence in our currency and Nation.
In 2003, the three of the Open Nations started using the Euro and Yuan in their international oil trading. It signaled the first time that the 'almighty' dollar' was no longer the desired reserve currency - a shift, though subtle, had / has far-reaching implications concerning the global confidence in our currency and Nation.
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