Another EPIC #JOEBIDEN FAIL: #SaudiArabia Ends 80-Year #Petrodollar Deal with US, Dealing Massive **** to US #Global #Economic Dominance - #fjb - https://gellerreport.com/2024/06/another-epic-biden-fail-saudi-arabia-ends-80-year-petrodollar-deal-with-us-dealing-massive-****-to-us-global-economic-dominance.html/
#SaudiArabia Ends 50-Year #Petrodollar Pact!
Saudi Arabia has decided not to renew its 50-year-old petrodollar agreement with the United States, which expired on June 9, 2024. This agreement, established in 1974, mandated that Saudi Arabia sell oil exclusively in U.S. #dollars. The non-renewal allows Saudi Arabia to sell oil in multiple currencies, including the #Chinese RMB, Euros, Yen, and Yuan, marking a significant shift in global financial dynamics.
U.S.-Saudi Petrodollar Pact Ends after 50 Years https://www.tipranks.com/news/u-s-saudi-petrodollar-pact-ends-after-50-years
