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BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says
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BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

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BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says
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Source: Bitcoin.com

BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert SaysBRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, […]

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Author: Kevin Helms

Related posts:

  1. Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization
  2. Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization
  3. BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals
  4. Ron Paul on the Future of the US Dollar: ‘The World Is Clearly De-Dollarizing’
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