US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan
Geopolitical Economy Report
00:00
Introduction
Since the 1944 Bretton Woods Conference, the U.S. dollar has dominated international trade. Saudi Arabia had an agreement with the United States where it would sell its oil in dollars. China now has the largest economy in the world when you measure its GDP using purchasing power parity. The new Cold War that the US is waging on China has put many countries around the world in a difficult situation.
Transcript
Play full episode
