Saudi Arabia Set to Use Chinese Yuan for Oil Payments
Riyadh (Agencies): In a significant shift in global economic dynamics, Saudi Arabia is reportedly in talks to use the Chinese yuan instead of the US dollar for oil payments. This…
De-dollarization: The Global Shift and Its Implications
The concept of de-dollarization refers to the gradual process of reducing reliance on the US dollar in global trade, finance, and reserves. This phenomenon has gained momentum over recent years…
The death of the petrodollar: What really happened between the US and Saudis?
It is said that works of fiction can often convey certain truths better than a newswire. That is perhaps the light in which to view reports circulating around the internet…