Jared Vaile

Virginia / Addis |
@JohnsHopkins Applied Economics Alum | ☕️🚣🏼‍♂️🏕⛰️🌍🌎🇺🇸🇪🇹📈

[Paul Wallace @PaulWallace123]

#Ethiopia starts talks with #China to convert some of the $5.4 billion it owes Beijing into #yuan-denominated loans, following an example set by Kenya that bolsters China’s efforts to internationalize its currency. #dollar

https://t.co/gbyFDTH70f @mattstephenhill @FasikaTade

[Charlie Robertson @CharlieTTEcon]

The biggest economies in Africa by tax collected.

South Africa easily in 1st place at $102bn, followed by Algeria $75bn and Egypt $72bn, then Morocco at $41bn and Nigeria (just over 1/3 of SA) at $36bn

16 countries have $1bn of annual revenues or less (incl Eritrea / no data)

[Ethiopian Securities Exchange (ESX) @ESXEthiopia]

We are pleased to announce ESX's maiden Board of Directors.
An exceptional lineup that will be leading the way for ESX!

[Reuters @Reuters]

India makes first crude oil payment to UAE in Indian rupees https://t.co/KBI0yAeOqs

[Jared Vaile @jaredvaile]

@b_senaia @ethiotelecom Insane

[TsegaNeg @tseganeg]

Just had a horrible experience with @taskmoby. The “electrician” they sent was set on doing things his way and kept criticizing what we wanted done. He did a sloppy job and even charged us extra for the service despite our efforts to remind him of the hourly rates.

[Balaji @balajis]

A few months ago, de-dollarization wasn't happening.
Now, it's happening, but not fast.
Next, it's happening, but not a big deal.
Finally, it was inevitable, and your fault for not hedging.

[African Stream @african_stream]

RUTO RAMPS UP DE-DOLLAR DRIVE

Kenya’s president is ramping up calls for de-dollarisation. On his visit to Djibouti, William Ruto again urged African countries to trade in local currencies. It could have many benefits for the continent and reflects a wider global trend. BRICS members are expected to issue updates on a potential new currency this summer, while Saudi Arabia is considering selling oil to China in Yuan, undermining the Petrodollar.

[Jared Vaile @jaredvaile]

@zebmengistu @MayorAddisAbaba Didn't think of that 😆 I feel your pain. I guess parking is not a big deal

[Jared Vaile @jaredvaile]

@ec0n1st Telegram for easier access, but LinkedIn may help reach a wider professional audience/ raise the profile? I enjoy what you do btw. Need more like this

[Bloomberg @business]

Yuan usage in China's cross-border transactions jumped ahead of the greenback’s for the first time in March https://t.co/MSWVS4lht0

[Arnaud Bertrand @RnaudBertrand]

By my count over the past month we have ∼50 countries that affirmed a will to dedollarize, including huge economic powers like ASEAN countries, the BRICS, Saudi Arabia or France.

It's over 50% of the world's GDP saying they want to dedollarize, virtually impossible to counter.

[POLITICOEurope @POLITICOEurope]

"The great risk” Europe faces is getting "caught up in crises that are not ours," says Emmanuel Macron.

In an exclusive interview aboard his plane, the French president explained why he wants Europe to reduce its dependency on the US 👇
https://t.co/JSLmEmnxIT

[The Wall Street Journal @WSJ]

An oil production cut by Saudi Arabia and its allies demonstrated how Crown Prince Mohammed bin Salman is willing to set aside U.S. concerns to pursue a nationalist energy policy aimed at funding an expensive makeover of his kingdom https://t.co/kkXI25f1C2

[Real Vision @RealVision]

Saudi Arabia has partnered with China to build a Chinese oil refinery for $12.2 billion...

[Mario Nawfal @MarioNawfal]

#BREAKING: Saudi Arabia has joined a political, security and trade alliance with China, Russia, India and Pakistan.

They are also considering using the Chinese Yuan over the US Dollar.

Is this the end of US dominance?

[Susan Sakmar @SusanSakmar]

#China completes first #yuan settled #LNG trade.👀🇨🇳👀 “Chinese national oil company CNOOC and France's TotalEnergies completed China's first yuan-settled LNG trade (from the UAE) through the Shanghai Petroleum and Natural Gas Exchange.” #ONGT #USLNG
https://t.co/gln0SLiRKm

[Rufas Kamau ⚡ @RufasKe]

Kenya is going to pay for oil imports to Saudi Arabia using Kenya shillings as the dollar strength and scarcity pressures its reserves. Now the country doesn't need to keep dollar reserves for oil imports.

[Jared Vaile @jaredvaile]

@jmwooldridge Would really miss the lighter side of Wooldridge