As Saudi and the UAE explore ways to develop closer economic ties they have agreed to launch a new Cryptocurrency initially to be used just between their banks.This announcement is seen as a step away from the reliance on petrodollars and is another sign of the Middle East embracing blockchain technology. Is this all part of the gradual decline in the dominance of US$ as outlined in https://medium.com/coinmonks/is-time-up-for-the-us-as-the-worlds-reserve-currency-c05b581dec79?
