This oil for gold stuff is just hype for the gold retailers.. .

Since 1944, the USD has been propped up by the petro-dollar scheme and with oil prices below zero, the dollar could easily collapse. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.By doing so, you and %USER_NAME% will not be able to see PetroDollar has a current supply of 63,993,274.887. Petrodollar recycling is the international spending or investment of a country's revenues from petroleum exports ("petrodollars"). As a result, most international transactions, including oil, are priced in dollars. The last known price of PetroDollar is $0.013609 USD and is up 0% over the last 24 hours. The myth of the Petro-dollar comes from efforts in the 1970s to prevent the U.S. suffering severe negative effects in its balance of payments from rising oil prices. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. Yesterday's rate 49.0600. It is currently trading … In addition to tracking price, volume and market capitalization, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision.

The US dollar has nothing to do with oil.

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Please allow notification to receive alerts We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. The petrodollar is any U.S. dollar paid to oil-exporting countries in exchange for oil. Current USD to PHP exchange rate equal to 49.0320 Philippines Pesos per 1 US Dollar. Change for today -0.0280 Philippines Pesos, -0.06%. It may therefore take some time before it appears on our website.The contract is for oil for yuan.. . It generally refers to the phenomenon of major petroleum-exporting nations, mainly the OPEC members plus Russia and Norway, earning more money from the export of crude oil than they could efficiently invest in their own economies. The dollar is the preeminent global currency.
Read Marc Chandler's latest article on Investing.com It is a non-issue.Your ability to comment is currently suspended due to negative user reports. Oil-exporting nations receive dollars for their exports, not their own currency. I bought one myself. For more details, please refer to Clause 12.2 of our No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. Users are able to generate XPD through the process of mining. Saudi Arabia is in serious trouble. The only link to gold is that the seller can, IF THEY WANT, buy non-Chinese gold on the SGE.. . All Rights Reserved Your ability to comment is currently suspended due to negative user reports. You will receive an email with instructions on how to reset your password in a few minutes.You will receive an email with instructions for how to confirm your email address in a few minutes.All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. Kindly note, however, that at present, ANYBODY who sells ANYTHING can use the money to buy gold SOMEWHERE.. . Links on this page may contain affiliate links. Petro (PTR) current price and details - USD. Today's range: 49.0000-49.0700. This website uses cookies for functionality, analytics and advertising purposes as described in our The USA is now exporting energy and electric cars are here. Petro (PTR) rating 4.5 out of 10. any of each other's Investing.com's posts.Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.Sign up to create alerts for Instruments,

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Price Alert Successfully Saved! Economic Events and content by followed authorswww.investing.com/analysis/petroyuan-really-200275630© 2007-2020 Fusion Media Limited. You should conduct your own research, review, analyse and verify our content before relying on them. Existing circulation, market capitalization, volume of transactions and more details of Petro. No content on our Site is meant to be a solicitation or offer.
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The fact that VERY FEW DO is the REAL ISSUE.. . The days of the petro-dollar are long gone. PetroDollar (XPD) is a cryptocurrency. That is slightly better than my sports cars when I was a kid where 8 miles a gallon was fantastic. Earn up to 8% interest per year on your Stablecoins, USD, EUR & … Instant Crypto Credit Lines™ from only 5.9% APR - unlock your crypto-wealth tax-efficiently, without selling it. It helped increase the stability of oil prices denominated in U.S. dollars. Interested to stay up-to-date with cryptocurrencies? CoinGecko may be compensated when you sign up and trade on these affiliate platforms.

It is a hybrid that gets 75 miles to a gallon.

CoinGecko provides a fundamental analysis of the crypto market. The Petro may be easy to buy in the pre-sale, where typically most, if not all, of the coins are sold in an ICO. The petrodollar was the result of the oil crisis in the mid-1970s when prices spiked to record levels. ICO detailed information, whitepaper, start date, end date, team, token price, roadmap, airdrop and bounty campaigns.

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