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This fact, in addition to the 1973 Jom Kippur war in the Middle East, lead to the rise of oil prices and the oil crisis of 1973/74, which, in turn, generated the phenomenon known as the 'recycling of petro-dollars' that ended up in strengthening once more the position of the US dollar.
International Financial Crisis and End of the Dollar Hegemony: United States versus ALBA 2009
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