Petrodollar banks. The yield, dollar value and oil price very closely watched. Then the external element, FX insurance. The latter should be risk neural in flows, this is the equivalent fee. These banks trade treasuries on the run evidently, and make oil purchases. It works, and the oil peg is about 65, and they get Saudi rebellion near 70 bucks.
The price is fair, in my opinion, this is kind of a flexible commodity standard based on a commonly used material.
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