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Transnational Thursday for June 13, 2024

Transnational Thursday is a thread for people to discuss international news, foreign policy or international relations history. Feel free as well to drop in with coverage of countries you’re interested in, talk about ongoing dynamics like the wars in Israel or Ukraine, or even just whatever you’re reading.

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FYI, there does not seem to be an actual "pact" or "agreement" for 50 years of petrodollar. (If you look at your link, it's not an article by the actual "nasdaq" but by some affiliate "tipranks")

China for example has been buying oil denominated in RMB since last year, this "petrodollar going away" isn't a singular event that happens.

US will still be the most used currency in world trade by some margin, though its share of the total will gradually decrease... probably.