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DrFalkyn 7 months ago | parent | context | favorite | on: U.S.-Saudi petrodollar pact ends after 50 years

Sure they can accept whatever currency they want

Which they will then trade for USD and stash in banks or buy stuff from the US

elzbardico 7 months ago [–]

If you don't need the USD do buy oil, industrial goods, services and commodities, why would you trade all your surplus for USD?

Every billateral trade you do in another currency other than the US, means your demand for dollars has decreased.

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