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Inside China and Russia's Battle Against the US Dollar

The Breakdown

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Saudi Arabia Considers Accepting Uan Instead of Dollars for Chinese Oil Sales

There have been some interesting recent developments over the past couple weeks. The wall street journal wrote a piece entitled, saudi arabia considers accepting uan instead of dollars for chinese oil sales. Saudi arabia is pissed about a bunch of things. We don't support their intervention in yemin civil war. They are starting to question our commitment to that. And it has been a long standing goal of the china government to increase the use of its currency as the reference and settlement currency for important international transactions.

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