China & Saudi Arabia: Swapping Yuan & Riyal! End of Petrodollar?

In this intriguing video, I delve into the recent agreement between China and Saudi Arabia to swap their local currencies, yuan and riyal, worth a significant 50 billion yuan or $7 billion in Saudi riyals. As the relationship between these two nations improves, questions arise regarding the potential impact on the long-standing dominance of the petrodollar. Could this be the beginning of its end? Join me as I analyze the implications of this currency swap and explore how the United States might respond considering the global trend of de-dollarization. Stay tuned for an insightful discussion! Follow Me on Twitter: @DOUALAALOU Support the Channel: Link to articles: #:~:text=In the BRICS Summit 2023, the BRICS economic,the use of local currencies in international trade. About David: Dr. Oualaalou served a fifteen-year career in the United States Armed Forces in support of the US government’s security agencies in Washington DC and around the world. His primary roles include security policy, intelligence analysis, security operations advice including leadership and managerial operations. He advised high-profile U.S. military and civilian officials on security issues, economic trends, and foreign military threat information. He has written many articles and books including his latest, The Dynamics of Russia’s Geopolitics: Remaking the Global Order.