Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Committee on Budgetary Oversight

Pre-Stability Programme Update Scrutiny (Resumed): Central Bank of Ireland

Photo of Mairead FarrellMairead 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.

Comments

No comments

Log in or join to post a public comment.