The Gulf Isn’t Ditching the Dollar. It’s Doing Something Smarter.

ZNetwork · 37 days ago

Gulf de-dollarization is the gradual diversification of oil-trade settlement and reserve holdings away from the US dollar. It’s not a wholesale switch to the yuan, but a hedging strategy accelerated by the 2026 Strait of Hormuz crisis, in which Gulf states expand yuan and CBDC settlement rails…

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The Gulf Isn’t Ditching the Dollar. It’s Doing Something Smarter.

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