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How the petrodollar regime came to be, and what losing it would mean for the U.S.In an Istanbul market, I came across an old German phrase book – and a reminder of how not to speak to migrants | Carolin Würfel

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How the petrodollar regime came to be, and what losing it would mean for the U.S.

Business

NPR Topics: Business•Yesterday

How the petrodollar regime came to be, and what losing it would mean for the U.S.

WAILIN WONG, BYLINE: In 1973, Egypt and Syria launched an attack on Israel. WONG: Petrodollar flows started to wane in the 1980s as oil prices went down, but the broader petrodollar regime stayed in place. WONG: In fact, China wants to challenge the dollar as reserve currency, and it's taking aim at the all-important petrodollar regime, which, as we know, is a key part of the dollar's reserve status.

In an Istanbul market, I came across an old German phrase book – and a reminder of how not to speak to migrants | Carolin Würfel

Opinion

Opinion | The Guardian•Mar 28

In an Istanbul market, I came across an old German phrase book – and a reminder of how not to speak to migrants | Carolin Würfel

Turkish immigrants to Germany in the 60s were seen as temporary labour, not people. Today’s government in Berlin is at risk of repeating the mistake, says Carolin Würfel, a writer who lives in Berlin and Istanbul.