Oil-Producing Countries’ Currencies Are Getting Crushed
by Tyler Durden
ZeroHedge.com
11/15/2014
While most people’s attention has been focused on the demise of the Russian Ruble this year, since the June highs in Crude Oil, the oil-producing nations of the world have seen their currencies devalue rapidly. From Brazil to Nigeria and Algeria, the impact of lower oil revenues is starting to create a vicious circle for many of these nations… and having consequences for the very Petrodollar flows that the US relies upon…
The Rest…HERE
