The UAE putting pressure on the USA dollar

Investment Analysis Clubs Macro Economic Trends and Risks
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The US dollar dominance is slowly slipping away with the UAE threatening to use the yuan

The United Arab Emirates apparently dropped a hint the dollar’s dominance isn’t assured in the global oil trade if fallout from the Iran war gets worse…

…UAE officials also pointed out the U.S. started the Iran war and said they may be forced to use China’s yuan or other currencies for oil transactions if the availability of dollars gets tight, sources told the Journal.

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Why would the availability of dollars get tight? Would the supply decrease or the demand increase?

DB2

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The irony is that the supply of Yuan is tight.

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The important thing is, “What’s the payment medium for the toll through the Straits of Hourmoz?”

It might be Chinese yuan, it might be crypto. {{ LOL }}

In US Dollar terms, it might be $40/bbl.

intercst

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