As the prospect of petro-yuan becomes a reality, China will, in effect, be making a claim to global oil reserves. Globally, if you needed oil you definitely needed to have dollar reserves. Most global dollar reserves depend on export from dollar starved nations to American consumers. Would this practically mean putting a stop to American economic tyranny? Since petro-dollar is not a moral tool in global economic competition, we don’t expect it to be defended and protected in a moral way.

Source: Pakistan Today February 24, 2018 06:11 UTC