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UAE Warns US It Could Sell Oil in Chinese Yuan if War Drains Dollar Supplies, Triggering Biggest Threat to the Petrodollar Since the 1970s (defencesecurityasia.com)

submitted 3 weeks ago by cm0002@libretechni.ca to c/world@quokk.au

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[–] How_do_I_computah@lemmy.world 3 points 3 weeks ago (1 children)

Could you expand on this?

[–] Not_mikey@lemmy.dbzer0.com 5 points 3 weeks ago

Not op but maybe they're talking about how a reduction on the value of the dollar makes US exports more viable, and offshoring less valuable as the companies won't save as much on wages. So potentially good for US workers, bad for US consumers.