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Replace US Currency Field to the Moving Checklist

Replace US Currency Field to the Moving Checklist

Aug 6th, 2022

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How to Replace US Currency Field to the Moving Checklist

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China recently conducted 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 sector, but recent US sanctions on Russia have prompted Middle Eastern nations to seek diversification. Notably, Saudi Arabia, once a close ally of the US, has formed a trade alliance with China, Russia, India, and several Central Asian countries. These developments follow China's successful mediation of a peace deal between Saudi Arabia and Iran, indicating a broader pivot in the Middle East towards China and away from US interests. This trend raises questions about the future dominance of the US dollar.

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