South Africa wants to buy oil from Russia. Will buying with rubles affect the dollar?

It's really just a joke that ruble settlement will impact petrodollars. In global trade, the share settled in US dollars accounts for more than 40%. Followed by the euro, which is also close to 37%. The pound ranked third, accounting for 6.3%. China's RMB ranks fourth. Although the RMB ranks fourth, it accounts for only a little more than 3%. Where is the ruble? It is even more pitiful, accounting for only 0.2%, ranking 20 th in the world. This is the share of currency settlement in the total global trade. Let's look at oil trade separately. In the world oil trade settlement, the US dollar accounts for more than 80%. In the case of Russia, a big oil exporter, the proportion of ruble is less than the pitiful 1%. South Africa's purchase of Russian oil, even if settled in rubles, has little impact on the overall share. Therefore, if petrodollars are compared to a beast, the ruble is a newly hatched chicken, which is not at all the same level. I guess a lot of people will spray me, but it is.

In the early days of "Russia-Ukraine", the ruble plummeted thousands of miles and fell miserably. However, after taking a series of measures, Russia stabilized. The ruble continued to appreciate and its performance was very bright. Many people began to brag about "the strength of the ruble." This simply doesn't understand the economy and is biased by some media. Why is the ruble so strong?

1. Strictly control and forcibly give it value.

The Russian central bank is now in a state of compulsory control over the ruble. Free convertibility is not allowed, giving the ruble value. What does this mean? For example, how many jars are there in your house? You say they are worth a few cents, then they are only worth a few cents. If you say they are worth millions, that means they are worth millions. You even said they were worth hundreds of millions, but you wouldn't sell them anyway. Now the situation facing the ruble is very similar to the example mentioned above. What value does it have? It is directly endowed by Russia. If you dare to open the ruble freely, you will see that the ruble will surely plummet.

Rely on energy

Why does Russia dare to let the ruble appreciate directly? The bottom gas is natural gas ruble settlement. As long as you sell natural gas, you are not afraid that the ruble will get out of control. If other countries want to buy natural gas, they must first exchange rubles at the central bank and then buy it directly. Through this process, Russia tried to increase the value of the ruble and prevent it from getting out of control. As long as other countries need rubles, they can control them. If Russia cancels the ruble settlement now, it is estimated that the ruble will fall to the bottom in an instant. However, Russia is rich in natural gas and can control the ruble in a short time. But after a long time? Natural gas will be sold out one day. Besides, what if the EU finds any new cheap goods? Therefore, the hidden dangers behind the payment of rubles are also great.

What we often say about the rise of the renminbi and the rise of the ruble is actually just lip service. For example, our country is really strong, and its GDP ranks first in the world. The right to speak in the international arena is also getting heavier and heavier. However, it is only theoretically possible for the RMB to compete with the US dollar. It may not be realized in the next few decades. As for the ruble, let alone compared with the US dollar, it is not comparable to the RMB of our country. The ruble poses no threat to the dollar. Even if Russian oil exports need to be settled in rubles, the impact on petrodollars is only minimal.