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Replace US Currency Field from the Employment Application

Replace US Currency Field from the Employment Application

Aug 6th, 2022

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How to Replace US Currency Field from the Employment Application

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China has made a significant move by completing its first liquefied natural gas trade settled in Chinese Yuan rather than US dollars. This shift is noteworthy given the US dollar's longstanding dominance in energy transactions. Following US sanctions on Russia, Middle Eastern nations, including Saudi Arabia—traditionally a US ally—are seeking to diversify their trade partnerships. Recently, Saudi Arabia has formed a trade alliance with China, Russia, India, and several Central Asian countries. This trend comes after China negotiated a major peace deal between Saudi Arabia and Iran, indicating that the Middle East is increasingly pivoting towards Eastern alliances and interests, potentially impacting the future status of the US dollar.

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