16 August 2023
In another blow to dollar dominance, India and the United Arab Emirates settled an oil trade without converting local currencies to dollars for the first time on Monday, as India’s top refiner made a payment for oil in rupees. Indian Oil Corp. bought a million barrels of oil from Abu Dhabi National Oil Company in […]
The post Another Blow to the Petrodollar: India and the UAE Complete First Oil Sale in Rupees first appeared on SchiffGold.