US foreign policy Tag Articles

What would happen of the dollar lost its status as the petrodollar

If the US dollar loses its status as the primary currency for oil transactions, it could have significant economic and geopolitical effects, including a decline in the demand for the dollar, a loss of US geopolitical influence, and greater complexity in the global oil market.

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May 8th, 2023 | Posted By: admin | Posted In: Currency and Monetary Systems |