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Qatar, meanwhile, has deepened its relationship with China—investing in healthcare, real estate, and natural gas. The country has also quietly acquired short-range ballistic missiles from China, indicating a growing security partnership, which alters traditional alliances and balances in the Gulf.
The Dollar Dethroned? A Currency Shift in the Making
A pivotal aspect of this new world order involves financial sovereignty. Reports indicate that Saudi Arabia and China are negotiating to price Saudi oil exports in Yuan instead of U.S. dollars, a significant move that could undermine the dollar's dominance in global trade.
Other nations are following suit:
- The United Arab Emirates and Qatar are increasingly conducting transactions in Yuan, bypassing U.S. dollar systems.