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> There's a de facto global tacit agreement to sell oil in US dollars - on pain of unilateral sanctions by the US or military intervention by the US military.
by Supermancho 5y ago
> There's a de facto global tacit agreement to sell oil in US dollars - on pain of unilateral sanctions by the US or military intervention by the US military.
That is 100% how the US has managed to maintain as a "stable" global currency.