holohoax made the notables… ffs baker clean that shit up
clearly shopped… also the fucker on the left is a mason
The petrodollar is any U.S. dollar paid to oil-exporting countries in exchange for oil. The dollar is the preeminent global currency. As a result, most international transactions, including oil, are priced in dollars. Oil-exporting nations receive dollars for their exports, not their own currency.
https://www.thebalance.com/what-is-a-petrodollar-3306358
if countries start using other currency for a petro-dollar other than the US dollar it means those nations will dump the US dollar in exchange for those of another country. If that dump should happen it means demand for US dollars go down. Therefore the dollar goes down in value against other currencies.
Not really a big deal IMO.
look… the ship is crashing one way or another… the dollars that other countries are holding won't change that. I also highly doubt that the petro dollar is whats keeping the economy afloat. Inflation happens when you print excess dollars regardless of who is holding them… you can't just export inflation.