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Replace US Currency Field in the Rental Application

Replace US Currency Field in the Rental Application

Aug 6th, 2022

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How to Replace US Currency Field in the Rental Application

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China has reported its first liquefied natural gas trade settled in Chinese Yuan instead of US dollars, marking a significant shift in global energy transactions. The US dollar has long dominated this market; however, recent US sanctions on Russia have prompted Middle Eastern countries to seek diversification in their trade relationships. Notably, Saudi Arabia, traditionally a US ally, has formed a trade alliance with China, Russia, India, and several Central Asian nations. This development follows China's successful mediation in a major peace deal between Saudi Arabia and Iran, indicating a broader regional shift towards China and away from US influence. This trend raises questions about the future dominance of the US dollar in global markets.

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