alt Hacker NewsThis is called the euro dollar (look it up, it had nothing to do with Europe).
In short: when two non us countries trade, eg., oil they settle on USD.
So for south Africa to buy oil from Kuwait, they need USD.
This is called the euro dollar (look it up, it had nothing to do with Europe).
In short: when two non us countries trade, eg., oil they settle on USD.
So for south Africa to buy oil from Kuwait, they need USD.
Eurodollar is cyberpunk. Don't you mean the petro dollar?(nevermind found Eurodollar instead of "euro dollar" now :) )