UAE officials have reportedly warned that they may be forced to use the renminbi or other currencies if they run out of dollars during the Iran war. luck
The United Arab Emirates appeared to suggest that the dollar’s dominance in global oil trade is not guaranteed if the fallout from the Iran war worsens. According to wall street journalthe head of the UAE’s central bank, raised the idea of a currency swap line with Treasury and Federal Reserve officials at a meeting in […]