[Freedom of Speech Wins]

This could have many consequences for the entire economy.

Isn’t the value of the US dollar related to the petrodollar?

[Lockbox]

The petrodollar system elevated the U.S. dollar to the world's reserve currency.

I do not think this would effect the petrodollar / dollar relationship, but there are other countries agreeing to exchange local currency for trading which is a crack in the reserve currency.