Petrodollar vs Petroyuan!! Transition under way
As Russia and China agree to carry out all oil transactions in Chinese Yuan more countries are jumping on board to moving away from the petrodollar and to the petroyuan.
"Moving away from the petrodollar is a strategic priority for countries like China and Russia." This has big implications for the dollar and the US economy.
Read more here: https://www.firstpost.com/explainers/petrodollar-vs-petroyuan-can-china-overthrow-us-in-the-global-oil-market-12346142.html
Watch Vladimir Putin discuss birth of Petroyuan this week with Xi Jinping by his side: