Tuesday, January 2, 2024

"RV UPDATE" BY GOLDILOCKS, 3 JAN

 "Oil traders around the world are gradually shifting away from using the US dollar


Recent reports say major economic powerhouses have used alternative currencies in oil trades in recent times

Most oil deals in the last year have been settled primarily in the Chinese yuan"

For these reasons, many countries are beginning to call for a market-based determination on the dollar.

A market-based determination is a careful analysis that compares prices of one asset to another.

In this case, we are looking at a comparable analysis among other countries' currencies in the use of buying and selling oil with currencies other than the dollar.

This type of price analysis will determine exchange rate changes needing to be done to coordinate reasonable values between countries.

Watch the water.

© Goldilocks
IBS News Link

Tuko Link

Finance Strategists Link

No comments:

Post a Comment

TIDBIT FROM FRANK26, 13 NOV

  Frank26  The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it.     It's is my hope.  It ...