Gulf nation warns US it could ditch petrodollar for yuan – WSJ

UE, NATO, Politica externa

The UAE has reportedly threatened that it could shift to the Chinese currency in oil trade as it presses Washington for a financial backstop The United Arab Emirates has warned the US Treasury that it could be “forced to use Chinese yuan” in oil trade, the Wall Street Journal reported on Sunday. UAE Central Bank Governor Khaled Mohamed Balama delivered what the newspaper described as an “implicit threat”   against the dollar’s dominant position during a meeting with US Treasury Secretary Scott

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