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This is called the euro dollar (look it up, it had nothing to do with Europe). In short: when two non us countries trade, eg., oil they settle on USD. So for
by tossandthrow 2y ago
This is called the euro dollar (look it up, it had nothing to do with Europe).
In short: when two non us countries trade, eg., oil they settle on USD.
So for south Africa to buy oil from Kuwait, they need USD.
- inexcf 2y agoEurodollar is cyberpunk. Don't you mean the petro dollar?(nevermind found Eurodollar instead of "euro dollar" now :) )
- tossandthrow 2y agoI don't mean petro dollar. And you are more than welcome to use the internet if there are terms you don't understand: https://en.wikipedia.org/wiki/Eurodollar https://en.wikipedia.org/wiki/Eurodollar (Edit: I see you found d the article, will leave the link for other who are in doubt :) ) They are different concepts.