Other News
Saudi Arabia Considers Selling Oil In Yuan
So What? I hear you yawn… Actually, this is potentially a BIG story.
For decades, the US Dollar has been considered to be the World’s Reserve Currency. That is, the value of the US Dollar has been unquestionably trusted and therefore, it has been the currency that a vast proportion of world trade is conducted in. Oil, coal, gold, silver and other metals, cotton, coffee, wheat and hundreds of others commodities, are all traded in US Dollars.