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March 29, 2023

The Fall of the Petrodollar: A Hypothetical Scenario of the Consequences of Losing Reserve Currency Status

The petrodollar system has been the backbone of the US dollar's status as the world's primary reserve currency. However, with the rise of alternative economic power blocs such as the BRICS (Brazil, Russia, India, China, and South Africa) and other countries seeking to diversify their reserve currenc...

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