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by lasagnaphil
1858 days ago
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The sanctions from the US are not arbitrary, it's for a very specific purpose: to force oil-exporting countries to sell their oil in US dollars only. Think about when Iraq decided to sell their oil in euros back in 2000, they got invaded by the US and then quickly switched back to dollars. The petrodollar system is why the USD was able to retain status as the international reserve currency even after Bretton Woods: https://en.wikipedia.org/wiki/Petrodollar_recycling |
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Why should the US be able to do that?