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To: MarMema
One thing they all agree on is the goal of destroying the US dollar.

Uh huh. I'd say don't hold your breath but maybe you should hold your breath... :-)

71 posted on 09/07/2023 9:16:52 AM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Alter Kaker

Do you understand that the petrodollar was based on the Saudis using it for oil transactions with other countries?

And now the Saudis are using many other currencies?

Did you know that Bank of China just opened in Riyadh?

https://www.globaltimes.cn/page/202309/1297708.shtml

Bank of China opens branch in Saudi Arabia; BRICS members expand use of yuan in cross-border trade

Bank of China (BOC), one of China’s four biggest state-owned commercial banks, opened its first branch in Riyadh, capital of Saudi Arabia, which will further expand the use of the yuan in finance and trade.

Experts noted that since the BRICS Summit, members of the bloc have been accelerating the use of local currency settlements in cross-border trade to reduce reliance on the US dollar. The Chinese currency is playing an increasingly important role in facilitating trade and improving efficiency among the BRICS countries, they said.

In addition to Saudi Arabia, companies in Brazil have also made significant progress in the use of the yuan in trade.

According to Brazilian media outlet The Rio Times, Brazilian pulp company Eldorado Brasil sent its first pulp shipment using the yuan for payment to China. The aim is to open new credit options in China, and the BOC helped with this pilot move.


75 posted on 09/07/2023 9:24:51 AM PDT by MarMema (Eat your bananas, enjoy the decline)
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