The Mighty US Dollar Losing Its Sheen One Country at A Time

Saudi Arabia might accept part payment for its oil in Yuan from China. Is the sheen of the mighty US Dollar going, one country at a time?

After the Russia-China Oil deal during the Winter Olympics to get paid in Euros, comes the announcement that the Kingdom of Saudi Arabia might accept part payment for its oil in Yuan from China. Is the sheen of the mighty US Dollar going, one country at a time?

References:
1. Saudi Arabia could allow China to pay for oil in yuan – report
2. Oil drops 7% amid Ukraine talks, China demand fears

LEAVE A REPLY

Please enter your comment!
Please enter your name here