In 2005 Angelique van Engelen wrote:
"James Turk says that that oil exporters systematically have started pricing their oil in euro terms to not lose out on the weakening dollar for a number of years. He believes that in some cases the transactions are taking place in Euros. However, this is not officially confirmed, but then it would not be, because the issue is too sensitive."
See also, "US dollar hegemony has got to go" by Henry C K Liu
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