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Saudi Arabia ends 50-year petrodollar deal with US for multi-currency sales

  • Saudi Arabia's decision to not renew the 80-year petrodollar deal allows for selling goods in various currencies, including Chinese RMB, Euros, Yen, and Yuan.
  • President Joe Biden's policies are causing a shift in U.S. Superpower status, with Saudi Arabia potentially exiting the petro-dollar agreement, impacting the U.S. Dollar.
  • Saudi Arabia has chosen not to renew its petrodollar deal with the U.S. After 80 years, enabling the use of multiple currencies for selling oil and goods.
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