A large fall in oil prices (like the one we just saw) would wipe out the currenc...

		akiselev on April 10, 2020 \| parent \| context \| favorite \| on: The Global Dollar Short Squeeze A large fall in oil prices (like the one we just saw) would wipe out the currency before Saudi Arabia would even be able to print anything to respond to the crisis. The USD is stable because of the full faith and credit of the United States government, not because oil is traded in USD.