Saudi Reportedly in Talks to Price Oil in Yuan

The transcript discusses China's oil purchases from Saudi Arabia and the potential economic implications, including currency dynamics and historical currency dominance. It explores the possibility of the yuan becoming a reserve currency and the challenges faced by Chinese markets due to regulatory barriers and economic volatility.

What percentage of Saudi Arabia's oil exports is purchased by China?

• 75%

• 10%

• 25%

• 50%

Which historical currency was dominant in the 17th and 18th centuries?

• Dutch Currency

• Spanish Dollar

• British Sterling

• US Dollar

When did the IMF recognize the yuan as one of the world reserve currencies?

• 2012

• 2008

• 2016

• 2020

What is a major hindrance to the yuan's internationalization?

• Lack of global interest

• Trade deficits

• High inflation

• Capital controls

What recent event has caused significant market volatility in China?

• Currency devaluation

• New trade agreements

• Tech regulations

• Interest rate hikes