2 ms·
would you mind commenting on the subject? I never heard of petrodollar recycling.
by jazzyjackson 5y ago
would you mind commenting on the subject? I never heard of petrodollar recycling.
- ratg13 5y agoA bit late to respond, but I would start with the wikipedia article which is short but gives a decent overview. https://en.wikipedia.org/wiki/Petrodollar_recycling https://en.wikipedia.org/wiki/Petrodollar_recycling The petrodollar warfare section is worthy of note.
- bigodbiel 5y agoPetrodollars obtained by exporters is used to buy US based assets and/or financial instruments (treasury bonds, stocks, real estate), literally “recycling” all that extra capital... though the Saudis have been dumping a lot of their assets for a few years already, as they plan on diversifying their economy but I guess that’s tangential