The Petrodollar Is in Trouble
As
Saudi Arabia continues to liquidate more of its foreign exchange
reserves, it means serious trouble for the petrodollar system
The
U.S. PetroDollar system is in serious trouble as the Middle East’s
largest oil producer continues to suffer as the low oil price devastates
its financial bottom line. Saudi Arabia, the key player in the
PetroDollar system, continues to liquidate its foreign exchange reserves
as the current price of oil is not covering the cost to produce oil as
well as finance its readmore
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