Entry Submitted by Vee at 12:03 PM ET on July 18, 2022
All of this maybe true..
“If the energy that Saudi Arabia imported was no longer paid for in dollar/variant, but anyone could buy it in their own currency,..”
The question then will be..the value of all those other counties currencies.
To whatever county another would go to to buy fuel..that selling county would have to take into consideration the market value currency of the buyer. Unless it would become a trade deal. And then again..what if the buyer country still has FRN’s in reserve..what will be the determined value if it ?
This will certainly change market value of all nations currencies.
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