1057 Views
KSA & UAE to Stop Using USD in 2024 for all International Trade, and Business with BRICS and G20 Countries : Chinese Yuan
Arab League Stops using US Dollar in G20 and BRICS, US Dollar Will falls Badly, Middle East to stop USD-backed businesses, corridors, and financial services. Arab League Vs Israel US. US & EU will be Affected by the Middle East’s de-dollarization efforts of 2024.
Recently, plans have been afoot to remove the role of USD and EUR as the major oil, gold, and international trade with the UAE and the Middle East. Currently, UAE and Arab League are planning due to the Israel–Hamas war that there are chances of huge economic, financial, Forex, and corridor losses due to the Israel-Hamas war. In this way, Saudi and UAE have been trying to keep USD–backed businesses, corridors, and financial services away from de-dollarization efforts for the last 2 years. So in such a situation, it is believed that not for now but in the long term, USD and EUR Dominance are going to have huge losses.
Why the United States & European Union will be mostly Affected by the Middle East’s de-dollarization efforts?
Saudi Arabia and UAE’s decision could significantly impact the dominance of the US dollar in the global oil market. The United Arab Emirates (UAE) has shifted from using the US dollar to local currencies in its oil trades, and it seems this statement will affect the PetroDollar or USD-backed Oil Facilities across the world. At the same time, the situation with Saudi Arabia shows from the summit of Riyal/Yuan with China that UAE or Saudi alone will take the decision, but after Saudi Arabia and UAE, all the Arab League countries can also weigh in on USD and EUR. All the highest tax gains of the US and Europe also depend on Oil and thus the wealth of the Middle East can create huge economic crises, political issues, business, and inflation in the US, Europe, and the Indo-Pacific. Currently, for the last 4 years, Saudi Arabia and China have kept the local currency, Yuan and EUR together, against the Foreign Reserve Dollar, and thus China-Arab relations will drag down from Global Currency the USD till 2028.
Houthis are increasing their presence in Persian Gulf to destroy ships of the US and Israel
China earns $500 billion in Profit amid Trade War with US, China’s economy skyrocketed
SpaceX will build Trump Golden Dome, inspired by Israel’s Iron Dome, Is Trump’s life at risk?
US plans to ban visa for Chinese passport amid rising tensions in Taiwan, Tibet and Uyghur
Russia plans to deploy S-400 in Yemen amid US-Iran Tensions, US could Invade Yemen
China to share 6th Gen stealth fighter jets technology with Pakistan against Taiwan
Iran plans to postpone Nuclear program, Iran reveals nuclear bombs, US could bomb Iran
US plans to deploy Troops in Afghanistan against Iran and China, Will Iran bomb the Taliban?
Apple plans to increase iPhone prices due to rise of US Tariffs on China, iPhone 17 postponed?
China threatens US for violating Chinese Airspace near Kinmen Island and Taiwan
China earns $500 billion in Profit amid Trade War with US, China’s economy skyrocketed
EU imposed $40 Billion worth of tariffs in retaliation Against US Imports, Coup in EU?
China and EU preparing against Trump Tarrifs, US sanction, US Dollar and economic crash
US Treasury gains $25 trillion in Trump’s Tariff war by year of 2030, Is US Russia Cold War End?
India could join OPEC after discovered crude oil deposits in North East India
India plans to resume $121 billion imports from China, Galwan valley clash and Trump’s tariffs
UAE’s sovereign wealth fund value will reach $5 trillion dollar by the end of 2025
Elon Musk offers new applications for credit cards, Jerome Powell Resign?, Credit Card cancel
BlackRock’s takeover of Asian Stock Market, stock market crash and economic recession
