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Replace US Currency Field from the Moving Checklist

Replace US Currency Field from the Moving Checklist

Aug 6th, 2022

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How to Replace US Currency Field from the Moving Checklist

4.8 out of 5

34 votes

China recently conducted its first liquefied natural gas trade settled in Chinese Yuan instead of US dollars, highlighting a significant shift in global trade dynamics. The US dollar has long dominated energy transactions, but sanctions imposed on Russia have prompted Middle Eastern countries to seek diversification. Notably, Saudi Arabia, previously a close US ally, has allied with China, Russia, India, and other Central Asian nations. This comes shortly after China facilitated a major peace agreement between Saudi Arabia and Iran. These trends signal a move away from US interests in the Middle East, raising questions about the future status of the US dollar in international trade.

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