Oireachtas Joint and Select Committees
Wednesday, 23 March 2022
Committee on Budgetary Oversight
Pre-Stability Programme Update Scrutiny (Resumed): Central Bank of Ireland
Mairéad Farrell (Galway West, Sinn Fein) | Oireachtas source
It has been a very interesting conversation. Something that popped up today is the petrodollar. I am sure the officials saw Saudi Arabia is considering selling oil to China in Chinese yuan. That would obviously be a departure from the petrodollar. I saw something in the news today about how Russia is demanding - how it will actually work out is another matter - that Europe pays for gas in roubles. On both of those points, I would be interested in what the officials think these events are telling us about the direction the global economy and the global financial system is going in.
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