UAE De-Dollarization Accelerates: "Crypto Will Play A Major Role In Trade Going Forward"

We are starting to see a pattern in the last week or so in geopolitical events that is anything but good for the unipolar hegemon in the west.

The first, as we detailed here, was when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation” in Davos, made it clear that Riyadh “will consider trading in currencies other than the US dollar.”

So is the petroyuan finally at hand? Possibly, but Al-Jadaan wisely opted for careful hedging:

Continue reading at ZeroHedge

Featured image by Avinash Kumar via Unplash, under the Unplash license.