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Source: https://thetechblog.us/exploring-the-advantages-and-challenges-of-gold-for-oil-deals-a-new-era-of-currency-and-trade/

Category: Business

old for oil deals has become increasingly popular in recent years as a way for countries to bypass the use of the US dollar as the global reserve currency and to diversify their economic partnerships. As a result, there has been a growing trend of countries striking deals to exchange gold for oil in recent years. These deals are typically made between countries with large reserves of gold, such as Russia and China, and countries with large reserves of oil, such as Saudi Arabia and Venezuela.

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