Will KSA move away from Dollar?

[My-Analogous]

We all know that whole GCC have all time low relation with US. So my question to all that all OPEC countries will use other currency other then dollar. if yes then it will hurt US for more then 7 years until world will move away from Oil and start using Electric cars. US we all know will not give any favor to GCC any more so don't you think it is right time for all GCC to use Gold or any other currency to hurt US back?.

Please do serious comments only

 

[HAIDER]

We all know that whole GCC have all time low relation with US. So my question to all that all OPEC countries will use other currency other then dollar. if yes then it will hurt US for more then 7 years until world will move away from Oil and start using Electric cars. US we all know will not give any favor to GCC any more so don't you think it is right time for all GCC to use Gold or any other currency to hurt US back?.

Please do serious comments only

no, trillions of oil transactions sitting in US banks. Plus drifting away will be act of war.

 

[Titanium100]

They Didn't fall out to that extend and relations is still good but if they were to completely fall out it could be an option but definitely not an act of war.. China is openly promoting for an alternative it is not an act of war. Saudi Arabia already has alot invested into dollar

 

[rent4country]

We all know that whole GCC have all time low relation with US. So my question to all that all OPEC countries will use other currency other then dollar. if yes then it will hurt US for more then 7 years until world will move away from Oil and start using Electric cars. US we all know will not give any favor to GCC any more so don't you think it is right time for all GCC to use Gold or any other currency to hurt US back?.

Please do serious comments only

A serious comment to a post whose hypothesis is that an all-time low in a relationship (untrue, but even so) equals walking way from the dollar?

Serious answer= NO. Countries don't choose to transact in US dollars-based on feelings and emotions. It's based on the currencies strength, liquidity, value, availability and resilience

 

[Mujahid Memon]

no, trillions of oil transactions sitting in US banks. Plus drifting away will be act of war.

How is that an act of war?

 

[HAIDER]

How is that an act of war?

dollar lose value and hurt economy very badly

 

[siegecrossbow]

Yeah no. The Saudi monarchs are not stupid.

 

[Hakikat ve Hikmet]

Once Israil decides to dump the USA for China they will.....

 

[Mujahid Memon]

dollar lose value and hurt economy very badly

So exactly how does it is an act of war??

 

[HAIDER]

So exactly how does it is an act of war??

US won't tolerate for a minute.

 

[rent4country]

Once Israil decides to dump the USA for China they will.....

it's remarkable how you sit among us and rail against us every day, worse, with absurd notions.

 

[Mujahid Memon]

US won't tolerate for a minute.

Again this ain't officially means declaration of war.

 

[Titanium100]

US won't tolerate for a minute.

It won't be war as that would even be worse then just dollar collapse but it would lead to an world economy collapse as attacking the qibla would draw everyone in and it will turn into a nuclear war and disaster. You don't attack just the Qibla for merely currency change but for self-defense and last resort option

 

[HAIDER]

It won't be war as that would even be worse then just dollar collapse but it would lead to an world economy collapse as attacking the qibla would draw everyone in and it will turn into a nuclear war and disaster. You don't attack just the Qibla for merely currency change but for self-defense and last resort option

Yeah, but they know how to manipulate situation. KSA threat US in 2019 about dollar as trading and transaction currency rejection.

 

[Titanium100]

Yeah, but they know how to manipulate situation. KSA threat US in 2019 about dollar as trading and transaction currency rejection.

Manipulation and all that is one but if they were to pull out it won't be act of war