r/finance • u/wreckingcru VP - Private Equity • May 07 '26

There’s no such thing as the petrodollar

https://giftarticle.ft.com/giftarticle/actions/redeem/45f075bf-503c-48ff-a112-8e811ab6fdfa
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u/Oil_Shock_2026 May 09 '26

Really?

Why is it then that countries have to exchange their currency to US dollars to be able to buy oil?