What are Petrodollars? Why do Petrodollars Matter?
Noah Zerbe Noah Zerbe
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 Published On Mar 25, 2022

In recent weeks, China and Saudi Arabia have discussed pricing Saudi oil sales to China in yuan rather than US dollars. Such a move away from the petrodollar system, which has been in place for more than 50 years, sets an interesting precedent. But how might it affect the US and the global economy? Find out in this Two Minute Explainer!

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