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US-China - የዓባይ ፡ ልጅ - Page 3

US-China

The End of Dollar Hegemony

All the commodities in the world are priced – and mostly sold – in US dollar. This means that countries need to get hold of and accumulate US dollars (which will be held in US banks). For example, India needs US dollars if it wants to buy oil from Saudi Arabia or electronics from China. This is the so-called Petrodollar regime.

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