The Petrostate Hex: How Plunging Oil Prices Affect Currencies [INFOGRAPHIC]

Updated on


Oil is one of the world’s most basic necessities. At least for now, all modern countries rely on oil and its derivatives as the backbone of their economies. However, the price of oil can have significant swings. These changes in price can have profound implications depending on whether an economy is a net importer or net exporter of crude.

The Petrostate Hex: How Plunging Oil Prices Affect Currencies

The Petrostate Hex

Source: Visual Capitalist

Leave a Comment