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Saudi Arabia, China in talks to dump United States dollars for Oil

serfserf Member Posts: 8,971 ✭✭✭✭
edited March 15 in Politics

The beginning of the end has begun and Even The Federal reserve chairman has said that there has been two world reserve currencies before in History. The veil has been removed and the dollar is becoming very weak ,ugly and long in the tooth.

It's ashamed how the politicians have squander our blood and tears for nothing but worthless acts of deeds on the America people but enriching themselves for their own selfish greed. They build more internal security systems to watch we the people knowing that we have we have been hoodwinked by the money changers with their worthless leadership!

serf

https://gazettengr.com/saudi-arabia-china-in-talks-to-dump-united-states-dollars-for-yuan-in-oil-purchase-report/

Saudi officials had said they were taken aback by the abrupt pullout of the United States from Afghanistan last year.

If successful, the deal will further strengthen economic ties between China and the Saudis as Beijing purchases more than a quarter of Saudi Arabia’s oil exports. If priced in yuan, the sales would raise the value of China’s currency.

Reports indicate that the Saudis are also thinking of incorporating yuan-denominated futures contracts, known as the petroyuan, into the pricing model of Saudi Arabian Oil Co., known as Aramco.

Data from China’s General Administration of Customs, details that Saudi Arabia was China’s top crude supplier in 2021, selling 1.76 million barrels per day, followed by Russia at 1.6 million barrels per day.

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