"Petrodollar refers to either a United States dollar earned by a country through the sale of its petroleum (oil) to another country,[1] or the system by which the United States props up the relative value of its currency on the world market by requiring that oil producing nations trade their product on the world market exclusively in dollars.
I will leave the reader with this question
What would be the value of the dollar if oil producers did not insist oil was purchased with US dollars?
I will leave the reader with this question
What would be the value of the dollar if oil producers did not insist oil was purchased with US dollars?
C’mon back, jpsb. Read this…