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The petrodollar is more important to US global domination that the export of arms or the Hollywood culture, because it allows the US is the largest exporter of dollar bills that everyone needs to buy oil.
Venezuela has decided to take steps in the desdolarizarización of its economy, to understand the implications is required to look at the geopolitical context in which this occurs.
Energy agreement between #Rusia and #China , the deal of the century (+ VIDEO) http://t.co/RvI0ffW67N- Telesur TV (@teleSURtv) 22 мая 2014 г.
Last August, during his visit to Crimea, Russian President Vladimir Putin announced that "the system of petrodollars should become history" , while "Russia is discussing the use of national currencies in mutual agreements with several countries " because of the sanctions policy of the West.
In recent months, China has signed agreements with Canada and Qatar in the exchange of national currencies, making Canada the first center offshore for the yuan in North America and doubling (or tripling) trade with China in an estimated 200 000 million yuan.
Exchanges of direct exchange between China and the newly sanctioned Qatar amount to 5 billion 700 million dollars, which has become the basis for the use of the yuan in the Middle East markets where there is little confidence in the dollar due to the export inflation.
It is hoped that other OPEC countries sign agreements with China.
The Chinese yuan entered the basket of reserve currencies International Monetary Fund (IMF), a basket ... https://t.co/AP4ky17d9s- Sott.net Spanish (@SOTTnetES) 12 декабря 2016 г.
China has also promoted the establishment of a clearing house in Kuala Lumpur, which will promote greater use of the yuan in Southeast Asia, this less than a month after Singapore, the main financial center of Asia , became a center yuan exchange through direct exchange Singapore dollar and the yuan.
Iran has recently announced its reluctance to use US dollars in foreign trade, the president of Kazakhstan, Nursultan Nazarbayev , has recently commissioned the National Bank the dollarization of the economy of his country, the UK plans to release debts denominated in yuan while the Bank European Central is discussing the possibility of including the yuan in its official reserves.
While in the real world this trend and increase inflation in the US, in the press is growing anti-Russian propaganda.
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