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A Petroyuan Would Be a Kick in the Gut for the Dollar

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Last week, I asked the question: is the US undermining the dollar’s credibility? It appears the answer is — yes. In another blow for dollar dominance, Saudi Arabia is reportedly considering pricing at least some of its Chinese oil sales in yuan. According to the Wall Street Journal, the move would “dent the US dollar’s […]

The post Blog first appeared on SchiffGold.