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Arzu ALVAN

Economy Blog, Academic Perspective

Tag: Data Centers

The $300 Billion AI Borrowing Binge: When Corporate Debt Becomes the New Petrodollar

The petrodollar is dying. Everyone can see it now. Saudi Arabia prices oil in yuan. Russia sells gas in rubles. India pays for Iranian crude in rupees. The dollar’s share of global reserves has fallen to 57%, down from over 70% two decades ago. But something strange is happening. Just as one pillar of dollar demand crumbles, another is being…

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