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If Saudi begins accepting yuan for oil, all bets are off on the petrodollar
Fri, Jun 2, 2017 Bryon King 6,152

Editor's note: Russia and China have already inked energy deals in yuan. The fact that the Saudis are inching closer to a similar agreement with Beijing should be front page news.


China is currently modifying the terms of its oil trade with Saudi Arabia. Specifically, China is working on a deal to pay for Saudi oil using Chinese yuan. This effort poses a direct threat to the security of the dollar.