
starcrapoo
I'M TIRED OF NOT BEING ABLE TO GET NO PUSSY MANNN
★★★★★
- Joined
- Mar 8, 2020
- Posts
- 9,214
Very low inhib of curries and the UAE. Gaddafi tried to pull a similar stunt with the petrodollar and it didn't end well for him.
UAE didn't have to accept Indian rupees as payment. They could have just accepted the petrodollar as usual but now the UAE wants to diversify its assets (because they know that the dollar is losing it's strength).
This is just the beginning and will set the precedence for other OPEC countries to follow suit.
www.reuters.com
View: https://www.youtube.com/watch?v=36vltZeh2Z4
UAE didn't have to accept Indian rupees as payment. They could have just accepted the petrodollar as usual but now the UAE wants to diversify its assets (because they know that the dollar is losing it's strength).
This is just the beginning and will set the precedence for other OPEC countries to follow suit.

India makes first crude oil payment to UAE in Indian rupees
India and the United Arab Emirates have started settling bilateral trade in their local currencies with India's top refiner making payment in rupees for purchase of a million barrels of oil from the Middle Eastern nation, the Indian government said on Monday.
View: https://www.youtube.com/watch?v=36vltZeh2Z4