WebDirector - Global Treasury at Reinsurance Group of America, Incorporated Report this post Report Report WebMar 21, 2024 · The United States owes a significant part of its eminence as the sole superpower to the dominance of its dollar in the global economy. This dominance is aided by the fact that the dollar is the currency of the global oil trade. Every country in the world needs U.S. dollars to buy oil.
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WebAdditionally, a shift away from the US dollar in oil trading could lead to greater economic and geopolitical competition between countries. "If the yuan were to become more widely … WebMar 29, 2024 · About 75 per cent of the shift has gone towards unconventional holdings and 25 per cent has flowed into the yuan. Still, the US dollar remains the most fungible, … WebMar 26, 2024 · Whenever the White House says it is working on a plan that would transform a vital part of the U.S. economy, and that the administration is doing so with the “highest urgency,” it should go without... how are efts documented