Erosion Of Dollar Reserve Status In Real-Time | The Changing of The Monetary Order

Now Goldman Admits Saudi-China Oil-Trade Signals 'Erosion' Of Dollar Reserve Status. Farouk Soussa, of Goldman Sachs, notes in a report, these steps are not entirely surprising: over time, currency choice tends to be driven in part by economic ties and partly by geopolitical alliances, and China has become a more important economic partner as its economy develops and imports more oil.

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