Kenya has signed deals with Saudi Arabia #shorts #short

Kenya | Saudi Arabia | shorts

Welcome to my YouTube channel, where we explore the latest developments in international trade and currencies. In this video, we examine Kenya’s recent agreements with Saudi Arabia and the UAE, in which they will buy oil using the Kenyan Shilling instead of US Dollars.

This significant move is a sign of Kenya’s growing economic independence and has the potential to shift the global oil trade away from US Dollar dominance.

We also explore Ghana’s use of gold to buy oil and the ongoing efforts of BRICS countries – South Africa, China, Russia, India and Brazil – to create a new currency.

Join us as we dive deeper into the implications of these developments for the global economy and exchange rate systems.

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