US EditionSaudi 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.
31 Articles
31 Articles
Saudi Arabia Won't Be Renewing Its 50-Year Petro-Dollar Deal With The US
Saudi Arabia has refused to renew its 50 year old petro-dollar agreement with the United States. Their exit from the petro-dollar is a major blow to the United States and to USD hegemony! It will [...] The post Saudi Arabia Won’t Be Renewing Its 50-Year Petro-Dollar Deal With The US appeared first on The People's Voice.
Saudi Arabia's petrodollar deal with US expires with no new agreement in place
A petrodollar agreement with the United States and Saudi Arabia has expired. As per reports, the Gulf nation has decided not to renew the deal that expired on June 9. The move can be seen as a global finance paradigm shift from the USD as a reserve currency. The termination of the deal may also have implications and consequences for America. The deal was a major milestone for the US global economic dominance. So far, there's no official confirm
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