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The Petrodollar Is Losing Its Grip

VRIC Media Apr 19, 2026

Summary

The petrodollar system is weakening as fewer oil transactions are priced in US dollars, reducing global demand for the currency.

Central banks worldwide are aggressively accumulating gold reserves, signaling a potential shift toward a more neutral global reserve system.

Reduced recycling of petrodollars into US assets could fundamentally alter capital flows and impact dollar-denominated investments.