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DFW

(60,472 posts)

4. The EU can negotiate, but this is in the eye of the beholder, so to speak

Reply to malaise (Original post)

Wed May 16, 2018, 11:20 AM

May 2018

If you are selling oil, you can demand it be paid in whatever currency your heart desires. Tradition has oil sales done in dollars, but there is no ironclad rule anywhere that demands it. It helps us because it keeps demand for dollars on the world currency markets high, and there is a serious storm brewing in Italy with some of their major banks at the moment that is making holders of Euros understandably nervous right now. It could all change, of course.

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Did I just hear that the EU will ditch US dollars for oil purchases from [View all] malaise May 2018 OP

It's a great deal harder for the US to sanction transactions done in Euro's rather than dollars. VMA131Marine May 2018 #1

Seems to me the rest of the world no longer gives a shit about malaise May 2018 #2

Kind of what happens... Wounded Bear May 2018 #9

This won't be the first time this has occurred (or the thought has)... SWBTATTReg May 2018 #3

The EU can negotiate, but this is in the eye of the beholder, so to speak DFW May 2018 #4

Isn't this one of the "hidden" reasons we took out Saddam? Wounded Bear May 2018 #5

Yep malaise May 2018 #7

One could see this coming . Wellstone ruled May 2018 #10

That was the last straw...oh and the truck loads of money underpants May 2018 #11

I can only find this from a Russian news source. TBA May 2018 #6

Heard it on local radio n/t malaise May 2018 #8

that is interesting - a local public station or a commercial station? rurallib May 2018 #12

The same local station that carries VOA malaise May 2018 #13