2 ms·
> We can get into conspiracy theory here a bit by noticing that Qaddafi wanted to create a common trade currency for Africa. Saddam Hussein quit trading in USD
by bbatha 9y ago
> We can get into conspiracy theory here a bit by noticing that Qaddafi wanted to create a common trade currency for Africa. Saddam Hussein quit trading in USD in favor of EUR. Russian and China agreed to exclude USD from their direct trade in 2014.
Aside from China, which has a currency large enough to become a trade concurrency, these countries were all strategic enemies well before these moves. The decoupling of the USD seems more of geopolitical strategy than economic risk for these countries.