>Saudi Arabia has not renewed its petrodollar agreement and has decided to ditch the US dollar to trade oil in multiple currencies.
#dedollarization #brics #dollar #finance #money #saudi #usdollars #petrodollar #currency #bitcoin #cryptocurrency
Saudi's MBS Shocks America; Dollar Dominance Could End As Riyadh Chooses Not To Renew U.S. Oil Deal
Saudi Arabia has reportedly decided not to renew its 80-year petro-dollar deal with the U.S., marking a significant shift with potential implications for the oil market. The deal, which expired on June 9, had long been a cornerstone of U.S. global ec