Miscellaneous News
- Thread starter bd popeye
- Start date
i think Iran and Venzuela in similar situation selling below market with currency flexibility.
most interesting will be Turkey position. once Erdogan sees that India and China getting cheaper. he will force Azerbaijan and Kurdistan to sell him in local currency at price of his choosing.
but countries like Saudi/UAE are selling over the bench marks.
most interesting will be Turkey position. once Erdogan sees that India and China getting cheaper. he will force Azerbaijan and Kurdistan to sell him in local currency at price of his choosing.
but countries like Saudi/UAE are selling over the bench marks.
As a matter of clarification, did Russia just did what I think they did. If so, all I can say is the propensity for Japan to suck up to the USA is going to be the literally end of the nation especially since Japan has never apologised for what they did for WW2 and NO, sending money and pretty words is NOT in away a way to earn forgiveness AT ALL
Russia is not selective. unfriendly countries pay in roubles. and friendly what ever agreed currency.
on other hand Saudis will only sell at prices that are consistent with there $3.3T stock market. I think Saudis have stored enough wealth that they can wait for the buyers to show up at there prices. infact if a country has saudi owned refinery. they may give presence to take further bite from downstream price gouging.
When one have to defence the dollars, something has already gone seriously wrong.
Solomon Islands may not be able to withstand pressure from 5-eyes countries with or without China help but all those Pacific Island nations can no longer be taken for granted as someone's backyards or front yards.