Commodity Trade Mantra

Posts Tagged ‘Oil and Natural Gas Corp’

Russia, China, India Bypass the Petro-dollar - Currency Wars Continue

If Russia, China & India decide to start trading oil in their own currencies, the petro-dollar becomes just one of several major currencies. For them this looks like a win/win as their own currencies gain prestige, but ominous for the US- the ability to threaten the dollar’s rein as world reserve currency.

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