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1. JumpCr+(OP)[view] [source] 2024-06-13 20:31:42
The petrodollar era ended between the 90s and 2000s. The Saudis switching from swapping U.S. dollars for oil to swapping yuan for dollar-pegged Saudi riyals is peak nothingburgerism. (Did you know the British have always sold oil for pounds?)
replies(1): >>tim333+QP1
2. tim333+QP1[view] [source] 2024-06-14 14:48:19
>>JumpCr+(OP)
Yeah, for international trade I don't think it matters what currency you use. USD GBP Dogecoin or whatever. It's mostly for convenience people use USD. For domestic stuff the currency is important as people have their wages and bills in that.
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