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Replying to Avatar Lyn Alden

-China and Brazil agree to skip the dollar and exchange their own currencies directly.

-China uses yuan to settle LNG imports from the UAE, from the French supermajor Total.

-Saudi Arabia joins the Shanghai Cooperation Organization as a dialogue member.

-Saudi Aramco signs big refinery deals for construction in northern China.

It's been a pretty big few days for the anti-petrodollar crowd.

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Nimby 2y ago

Saudi Arabia is allowing African countries to buy oil in their local currency not USD..Kenya signed the deal last week…

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nobody 2y ago

It’s a credit line

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