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📉 INR Update: Rupee Still Hovering Near Record Lows
The Indian rupee is still under pressure after breaking past the ₹90 mark earlier this week. The currency is trading close to ₹90.11 per USD, not far from the recent all-time low of ₹90.14.
Despite strong economic growth numbers, the rupee remains weak because of continued foreign portfolio outflows, a wide trade deficit, and global dollar strength. Analysts say these external factors are outweighing India’s solid domestic fundamentals.
In short: the rupee hasn’t recovered, and import-related costs may stay elevated unless flows turn positive again or the dollar cools down.
#IndianRupees #USDOLLAR #WriteToEarnUpgrade #INR
The Indian rupee is still under pressure after breaking past the ₹90 mark earlier this week. The currency is trading close to ₹90.11 per USD, not far from the recent all-time low of ₹90.14.
Despite strong economic growth numbers, the rupee remains weak because of continued foreign portfolio outflows, a wide trade deficit, and global dollar strength. Analysts say these external factors are outweighing India’s solid domestic fundamentals.
In short: the rupee hasn’t recovered, and import-related costs may stay elevated unless flows turn positive again or the dollar cools down.
#IndianRupees #USDOLLAR #WriteToEarnUpgrade #INR
Potential Fed Rate Cuts Could Weigh on the U.S. Dollar
Analysts warn that anticipated Fed rate cuts in response to political pressure may put downward pressure on the U.S. dollar.
Deutsche Bank analyst Antje Praefcke warns that the U.S. dollar could face downward pressure if the next Federal Reserve chair follows President Trump’s calls for interest rate cuts, despite ongoing inflation concerns. Kevin Hassett, the expected nominee, is seen as a strong Trump supporter, increasing the likelihood of a more lenient monetary policy.
Praefcke notes that even the expectation of a softer stance on inflation may influence market sentiment, potentially weakening the dollar against other major currencies. Traders and investors should monitor signals from the Fed closely, as shifts in interest rate expectations can impact global markets, including crypto and equities.
#USDollar #InterestRates #Write2Earn
Anticipated Fed rate cuts could weigh on the U.S. dollar, affecting global markets and investor sentiment.
Disclaimer: Not Financial Advice
$BTC
$ETH
$BNB
Analysts warn that anticipated Fed rate cuts in response to political pressure may put downward pressure on the U.S. dollar.
Deutsche Bank analyst Antje Praefcke warns that the U.S. dollar could face downward pressure if the next Federal Reserve chair follows President Trump’s calls for interest rate cuts, despite ongoing inflation concerns. Kevin Hassett, the expected nominee, is seen as a strong Trump supporter, increasing the likelihood of a more lenient monetary policy.
Praefcke notes that even the expectation of a softer stance on inflation may influence market sentiment, potentially weakening the dollar against other major currencies. Traders and investors should monitor signals from the Fed closely, as shifts in interest rate expectations can impact global markets, including crypto and equities.
#USDollar #InterestRates #Write2Earn
Anticipated Fed rate cuts could weigh on the U.S. dollar, affecting global markets and investor sentiment.
Disclaimer: Not Financial Advice
$BTC
$ETH
$BNB
Could a Supreme Court Ruling Weaken the Dollar?
Analysts warn the U.S. dollar may face immediate downside if the Supreme Court limits presidential tariff powers.
Potential Dollar Impact if Supreme Court Limits Tariff Powers
BNP Paribas’ 2026 outlook highlights a macro risk that traders are now watching closely: a potential U.S. Supreme Court ruling that could restrict the president’s ability to impose broad tariffs using emergency powers. Analysts suggest that if the Court rules against these powers, the U.S. dollar could weaken immediately.
The reasoning is tied to fiscal expectations. Tariffs currently serve as a meaningful revenue source, and losing this tool could raise concerns about the long-term sustainability of the U.S. fiscal deficit. That, in turn, may lead investors to demand higher risk premiums to hold dollar-denominated assets.
BNP Paribas also notes that alternative tariff mechanisms could eventually be introduced, but the short-term reaction may still be driven by uncertainty.
#USDollar #Tariffs #Write2Earn
Neutral macro news explanation
Disclaimer: Not Financial Advice
$BTC
$ETH
$BNB
Analysts warn the U.S. dollar may face immediate downside if the Supreme Court limits presidential tariff powers.
Potential Dollar Impact if Supreme Court Limits Tariff Powers
BNP Paribas’ 2026 outlook highlights a macro risk that traders are now watching closely: a potential U.S. Supreme Court ruling that could restrict the president’s ability to impose broad tariffs using emergency powers. Analysts suggest that if the Court rules against these powers, the U.S. dollar could weaken immediately.
The reasoning is tied to fiscal expectations. Tariffs currently serve as a meaningful revenue source, and losing this tool could raise concerns about the long-term sustainability of the U.S. fiscal deficit. That, in turn, may lead investors to demand higher risk premiums to hold dollar-denominated assets.
BNP Paribas also notes that alternative tariff mechanisms could eventually be introduced, but the short-term reaction may still be driven by uncertainty.
#USDollar #Tariffs #Write2Earn
Neutral macro news explanation
Disclaimer: Not Financial Advice
$BTC
$ETH
$BNB
#USDollar
#US DOLLAR ANALYSIS
The US Dollar has broken down from the descending triangle pattern with significant volume.
It is now testing the breakdown level, while the Ichimoku Cloud is acting as a resistance barrier, reflecting strong bearish momentum.
A confirmed rejection from this level could lead to further downward continuation.
It's important to note that the US dollar often exhibits an inverse relationship with the crypto market.
#US DOLLAR ANALYSIS
The US Dollar has broken down from the descending triangle pattern with significant volume.
It is now testing the breakdown level, while the Ichimoku Cloud is acting as a resistance barrier, reflecting strong bearish momentum.
A confirmed rejection from this level could lead to further downward continuation.
It's important to note that the US dollar often exhibits an inverse relationship with the crypto market.
U.S. Dollar Faces Volatility Amid Thanksgiving Market Closure
$BTC The U.S. Dollar is experiencing heightened volatility in global currency markets ahead of the Thanksgiving holiday. With U.S. financial institutions closing, lower trading volumes and reduced liquidity are contributing to more pronounced price movements for the currency.
The U.S. Dollar (USD) has shown signs of increased volatility this week as financial markets in the United States get ready for the Thanksgiving holiday closure. The shutdown of U.S. banks and stock exchanges typically results in significantly lower trading volumes across global financial markets. This reduction in liquidity means that even relatively smaller transactions can have a greater impact on exchange rates, leading to larger price swings than usual.
Traders and analysts are closely monitoring the USD's performance against major peers, such as the Euro and the Japanese Yen. Historically, holiday-shortened weeks are known for thinner markets, which can exaggerate currency movements based on economic news or shifts in market sentiment. The DXY Dollar Index, a measure of the USD against a basket of foreign currencies, has fluctuated in recent trading sessions, reflecting this pre-holiday environment.
This period of volatility is relevant for global finance and international trade. Businesses with exposure to USD exchange rates may need to adjust their risk management strategies to account for potential price gaps. Furthermore, the USD's performance often influences other asset classes. In the cryptocurrency market, for instance, Bitcoin and other digital assets sometimes react inversely to the dollar's strength, meaning a volatile dollar could introduce short-term fluctuations in crypto prices.$BTC
Looking ahead, market participants expect liquidity to remain low through the end of the week, with normal trading conditions likely resuming the following Monday. Investors are advised to exercise caution, as the combination of low volume and potential for unexpected news can lead to unpredictable market behavior during this holiday period.#USDOLLAR #forextrader
The U.S. Dollar (USD) has shown signs of increased volatility this week as financial markets in the United States get ready for the Thanksgiving holiday closure. The shutdown of U.S. banks and stock exchanges typically results in significantly lower trading volumes across global financial markets. This reduction in liquidity means that even relatively smaller transactions can have a greater impact on exchange rates, leading to larger price swings than usual.
Traders and analysts are closely monitoring the USD's performance against major peers, such as the Euro and the Japanese Yen. Historically, holiday-shortened weeks are known for thinner markets, which can exaggerate currency movements based on economic news or shifts in market sentiment. The DXY Dollar Index, a measure of the USD against a basket of foreign currencies, has fluctuated in recent trading sessions, reflecting this pre-holiday environment.
This period of volatility is relevant for global finance and international trade. Businesses with exposure to USD exchange rates may need to adjust their risk management strategies to account for potential price gaps. Furthermore, the USD's performance often influences other asset classes. In the cryptocurrency market, for instance, Bitcoin and other digital assets sometimes react inversely to the dollar's strength, meaning a volatile dollar could introduce short-term fluctuations in crypto prices.$BTC
Looking ahead, market participants expect liquidity to remain low through the end of the week, with normal trading conditions likely resuming the following Monday. Investors are advised to exercise caution, as the combination of low volume and potential for unexpected news can lead to unpredictable market behavior during this holiday period.#USDOLLAR #forextrader
#USDollar
💵 Dollar Update: Largest Weekly Drop in Months!
Hey everyone 👋
The U.S. market was closed today for Thanksgiving 🦃, which caused low liquidity and added some extra volatility in currency trading.
The U.S. dollar is pulling back from a six-month high it hit last week and is on track for its biggest weekly decline since July 📉.
Spectra Markets CEO Brent Donnelly shared his view: “The market will soon be planning strategies for 2026, and being long on the dollar might not be one of them.” 🔍
He also noted that if White House economic adviser Hassett, who supports interest rate cuts, becomes the next Fed chairman, it could put further pressure on the dollar ⚠️.
This means traders and investors may start looking at alternative opportunities and hedging strategies as the dollar cools off 💡.
Stay alert fam 👀 and keep an eye on how these moves might impact markets in the coming weeks! 💹
$USDT $USDC
💵 Dollar Update: Largest Weekly Drop in Months!
Hey everyone 👋
The U.S. market was closed today for Thanksgiving 🦃, which caused low liquidity and added some extra volatility in currency trading.
The U.S. dollar is pulling back from a six-month high it hit last week and is on track for its biggest weekly decline since July 📉.
Spectra Markets CEO Brent Donnelly shared his view: “The market will soon be planning strategies for 2026, and being long on the dollar might not be one of them.” 🔍
He also noted that if White House economic adviser Hassett, who supports interest rate cuts, becomes the next Fed chairman, it could put further pressure on the dollar ⚠️.
This means traders and investors may start looking at alternative opportunities and hedging strategies as the dollar cools off 💡.
Stay alert fam 👀 and keep an eye on how these moves might impact markets in the coming weeks! 💹
$USDT $USDC
How #euro stablecoins could address EU’s dollar concerns
The ECB is concerned that #USDOLLAR stablecoins could weaken its ability to affect policy, and European issuers have #ideas about how this could be solved.
"Disclaimer _ Source: Binance News / Bitdegree / Coindesk / Coinmarketcap / #Cointelegraph / Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$EUR
The ECB is concerned that #USDOLLAR stablecoins could weaken its ability to affect policy, and European issuers have #ideas about how this could be solved.
"Disclaimer _ Source: Binance News / Bitdegree / Coindesk / Coinmarketcap / #Cointelegraph / Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$EUR
📉 The Fed’s Dilemma: Why U.S. Interest Rates Aren’t Coming Down Anytime Soon
#MacroWatch | #DollarCrisis | #CryptoHedge
As we enter the second half of the year, speculation about Federal Reserve interest rate cuts is heating up. But despite growing political pressure — even from figures like Donald Trump — the Fed remains unmoved.
Why? The answer goes deeper than inflation.
🧩 The Real Reason Behind Fed's Reluctance
A closer look at the 30-year U.S. Treasury yield, now over 5%, reveals a concerning trend:
If long-term debt doesn't offer high enough returns, no one will buy it — not even at 5%.
This signals waning confidence in the long-term stability of the U.S. dollar.
💵 Dollar Depreciation: A Silent Exit
Here’s the math:
5% Treasury yield
3% annual inflation
3% dollar depreciation
Your real return? -1% — a net loss. Why would investors risk that?
💸 Capital Is Already Leaving
Global capital once poured into the U.S. for:
Strong dollar performance
Attractive Treasury yields
But if the Fed cuts rates, capital will flee even faster, pushing yields up further and creating a vicious cycle:
🔁 Higher yields → Lower demand → Even higher yields → Fed steps in with QE → 💥 Inflation explosion
🏦 The Fed's Trap
Here’s the grim choice facing the Federal Reserve:
Cut rates → Accelerate capital outflows → Trigger inflation
Hold rates → Risk recession & debt instability
Either way, inflation becomes inevitable — and the Fed gets the blame.
⚠️ Why Crypto Investors Should Care
This is not just a macroeconomic issue — it’s a warning. The dollar’s weakening outlook could:
Drive demand for decentralized assets
Increase capital rotation into Bitcoin (BTC), Ethereum (ETH), and stable global hedges
When trust in fiat wavers, crypto becomes the hedge.
📌 Tags & Keywords (SEO):
#FederalReserve #InterestRates #USDollar #TreasuryYields #InflationRisk #QE #USDebtCrisis #CryptoMacro #BitcoinHedge #CryptoSafeHaven #BinanceSquare #FinanceWatch #Macroeconomics
#MacroWatch | #DollarCrisis | #CryptoHedge
As we enter the second half of the year, speculation about Federal Reserve interest rate cuts is heating up. But despite growing political pressure — even from figures like Donald Trump — the Fed remains unmoved.
Why? The answer goes deeper than inflation.
🧩 The Real Reason Behind Fed's Reluctance
A closer look at the 30-year U.S. Treasury yield, now over 5%, reveals a concerning trend:
If long-term debt doesn't offer high enough returns, no one will buy it — not even at 5%.
This signals waning confidence in the long-term stability of the U.S. dollar.
💵 Dollar Depreciation: A Silent Exit
Here’s the math:
5% Treasury yield
3% annual inflation
3% dollar depreciation
Your real return? -1% — a net loss. Why would investors risk that?
💸 Capital Is Already Leaving
Global capital once poured into the U.S. for:
Strong dollar performance
Attractive Treasury yields
But if the Fed cuts rates, capital will flee even faster, pushing yields up further and creating a vicious cycle:
🔁 Higher yields → Lower demand → Even higher yields → Fed steps in with QE → 💥 Inflation explosion
🏦 The Fed's Trap
Here’s the grim choice facing the Federal Reserve:
Cut rates → Accelerate capital outflows → Trigger inflation
Hold rates → Risk recession & debt instability
Either way, inflation becomes inevitable — and the Fed gets the blame.
⚠️ Why Crypto Investors Should Care
This is not just a macroeconomic issue — it’s a warning. The dollar’s weakening outlook could:
Drive demand for decentralized assets
Increase capital rotation into Bitcoin (BTC), Ethereum (ETH), and stable global hedges
When trust in fiat wavers, crypto becomes the hedge.
📌 Tags & Keywords (SEO):
#FederalReserve #InterestRates #USDollar #TreasuryYields #InflationRisk #QE #USDebtCrisis #CryptoMacro #BitcoinHedge #CryptoSafeHaven #BinanceSquare #FinanceWatch #Macroeconomics
📊 1% of all dollars in circulation are accounted for by stablecoins.
According to the latest data, the issue of stables for the first time exceeded 1% of the M2 money supply in the US, which underlines the deep integration of digital assets into real money circulation.
#USDOLLAR
According to the latest data, the issue of stables for the first time exceeded 1% of the M2 money supply in the US, which underlines the deep integration of digital assets into real money circulation.
#USDOLLAR
💸 U.S. Dollar in Trouble – Trump Policies Create Financial Uncertainty
Trump ne 2025 mein naye tariffs aur trade restrictions ka elan kiya.
In policies ki wajah se dollar ki value mein takriban 9% girawat aayi.
Foreign investors ka trust kam hua, aur woh Swiss franc aur German bonds ki taraf shift kar rahe hain.
U.S. markets mein uncertainty barh gayi, aur borrowing cost high hone ka risk hai.
Experts keh rahe hain agar yeh trend chala, toh dollar ka global power status bhi weak ho sakta hai.
Dollar ki girti value se developing countries bhi effect ho rahi hain.
Analysts suggest karein ke strong trade ties aur stable policy se hi market confidence wapas aayega.
#USDOLLAR #TrumpEffect #GlobalFinance #CurrencyCrisis #InvestorUpdate
#USHouseMarketStructureDraft
Trump ne 2025 mein naye tariffs aur trade restrictions ka elan kiya.
In policies ki wajah se dollar ki value mein takriban 9% girawat aayi.
Foreign investors ka trust kam hua, aur woh Swiss franc aur German bonds ki taraf shift kar rahe hain.
U.S. markets mein uncertainty barh gayi, aur borrowing cost high hone ka risk hai.
Experts keh rahe hain agar yeh trend chala, toh dollar ka global power status bhi weak ho sakta hai.
Dollar ki girti value se developing countries bhi effect ho rahi hain.
Analysts suggest karein ke strong trade ties aur stable policy se hi market confidence wapas aayega.
#USDOLLAR #TrumpEffect #GlobalFinance #CurrencyCrisis #InvestorUpdate
#USHouseMarketStructureDraft
If we split all the money in the world equally among 8 billion people:
1) #BTC
Total supply: 19.8 million BTC = 2.1 quadrillion sats
Each person gets: 262,500 sats
That’s worth: $285
2) #USDOLLAR
- Total M2 supply: $21.94 trillion
- Each person gets: $2,625
3) #GOLD
- Total supply: 6.95 billion ounces
- Each person gets: 0.825 oz
- That’s worth: $2,726
What If Bitcoin Matched Gold or USD?
If each person had $2,700 worth of Bitcoin instead of just $285:
- Each satoshi (sat) would need to be worth a little over 1 cent (~$0.0103)
That means 1 BTC would be worth over $1,030,000
And this doesn’t even factor in future money printing or population growth.
1) #BTC
Total supply: 19.8 million BTC = 2.1 quadrillion sats
Each person gets: 262,500 sats
That’s worth: $285
2) #USDOLLAR
- Total M2 supply: $21.94 trillion
- Each person gets: $2,625
3) #GOLD
- Total supply: 6.95 billion ounces
- Each person gets: 0.825 oz
- That’s worth: $2,726
What If Bitcoin Matched Gold or USD?
If each person had $2,700 worth of Bitcoin instead of just $285:
- Each satoshi (sat) would need to be worth a little over 1 cent (~$0.0103)
That means 1 BTC would be worth over $1,030,000
And this doesn’t even factor in future money printing or population growth.
#usdollar # brics In a landmark move to challenge the USD’s dominance, India has issued an official circular allowing BRICS nations to settle 100% of their trade in the rupee. Analysts say the move could accelerate the decline of the dollar’s supremacy in the international markets. The Reserve Bank of India published a report on Tuesday directing banks to open more Vostro accounts without prior approval. The banks can now allow export and import businesses from other countries to settle trade in the rupee through the special Vostro accounts.
US Lowest Jobs Report: What It Means for Markets and Crypto
The U.S. just delivered its weakest jobs report in years, and the shockwaves are being felt across global markets.
What Happened
Non-farm payrolls for August showed only 22,000 jobs added, far below expectations of ~75,000.
The unemployment rate climbed to 4.3%, signaling a cooling labor market.
Prior months were revised downward, revealing even fewer jobs created than previously thought.
Job openings also hit a 10-month low, suggesting employers are pulling back on hiring.
Why It Matters
The Federal Reserve has long pointed to a strong labor market as a reason to keep interest rates higher. This report flips that narrative. A weaker jobs market strengthens the case for the Fed to cut rates sooner and deeper.
Markets know this and they reacted quickly:
Stocks and crypto rallied on hopes of cheaper borrowing costs.
Bond yields fell, reflecting expectations of slower growth.
The U.S. dollar weakened, as investors priced in potential rate cuts.
What’s Next
Fed policy shift? Traders now expect the Fed to begin cutting rates in September, with some betting on a 0.50% move.
Inflation data remains key. If consumer prices stay sticky, the Fed may hesitate despite weak jobs numbers.
Global ripple effects. A slowing U.S. economy could impact emerging markets, commodities, and global liquidity.
Impact on Crypto
For the crypto community, this matters. Lower interest rates usually mean:
More liquidity → capital flows into risk assets like Bitcoin and altcoins.
Weaker dollar → tends to support assets priced against USD.
Higher volatility → if markets get ahead of the Fed and cuts come slower than expected.
Takeaway
The U.S. Lowest Jobs Report is a clear signal that the labor market is cooling, and the Fed may have to pivot. For traders, this environment can unlock opportunity but also demands caution.
👉 Keep an eye on the Fed’s next meeting and inflation data. Any surprise could swing both traditional markets and crypto in a big way.
#USLowestJobsReport #JobsReport #USDollar #CryptoNews #MarketTrends
What Happened
Non-farm payrolls for August showed only 22,000 jobs added, far below expectations of ~75,000.
The unemployment rate climbed to 4.3%, signaling a cooling labor market.
Prior months were revised downward, revealing even fewer jobs created than previously thought.
Job openings also hit a 10-month low, suggesting employers are pulling back on hiring.
Why It Matters
The Federal Reserve has long pointed to a strong labor market as a reason to keep interest rates higher. This report flips that narrative. A weaker jobs market strengthens the case for the Fed to cut rates sooner and deeper.
Markets know this and they reacted quickly:
Stocks and crypto rallied on hopes of cheaper borrowing costs.
Bond yields fell, reflecting expectations of slower growth.
The U.S. dollar weakened, as investors priced in potential rate cuts.
What’s Next
Fed policy shift? Traders now expect the Fed to begin cutting rates in September, with some betting on a 0.50% move.
Inflation data remains key. If consumer prices stay sticky, the Fed may hesitate despite weak jobs numbers.
Global ripple effects. A slowing U.S. economy could impact emerging markets, commodities, and global liquidity.
Impact on Crypto
For the crypto community, this matters. Lower interest rates usually mean:
More liquidity → capital flows into risk assets like Bitcoin and altcoins.
Weaker dollar → tends to support assets priced against USD.
Higher volatility → if markets get ahead of the Fed and cuts come slower than expected.
Takeaway
The U.S. Lowest Jobs Report is a clear signal that the labor market is cooling, and the Fed may have to pivot. For traders, this environment can unlock opportunity but also demands caution.
👉 Keep an eye on the Fed’s next meeting and inflation data. Any surprise could swing both traditional markets and crypto in a big way.
#USLowestJobsReport #JobsReport #USDollar #CryptoNews #MarketTrends
🚨 BREAKING:
🇨🇳 CHINA IS BUYING MORE GOLD TO REDUCE RELIANCE ON U.S. DOLLAR!
💥 Major Shift in Global Financial Strategy! 💥
#Gold #USDollar #Finance #Economy #GlobalShift
🇨🇳 CHINA IS BUYING MORE GOLD TO REDUCE RELIANCE ON U.S. DOLLAR!
💥 Major Shift in Global Financial Strategy! 💥
#Gold #USDollar #Finance #Economy #GlobalShift
🌍💱 BREAKING: SAUDI ARABIA ENDS 80-YEAR PETRODOLLAR DEAL WITH U.S.🌍
📢 In Short:
- Saudi Arabia ends 80-year petrodollar deal with the US
- Deal allowed Saudi oil sales in US dollars only
- Saudi can now use other currencies like RMB, Euros, etc
💡 Saudi Arabia has decided not to renew its 80-year petrodollar deal with the United States, which expired on Sunday, June 9, according to media reports. This historic agreement, initially signed on June 8, 1974, played a crucial role in establishing US global economic dominance.
🔍 Background:
The original deal set up joint commissions for economic cooperation and addressed Saudi Arabia's military needs. American officials hoped it would incentivize Saudi Arabia to increase oil production and strengthen economic ties with Arab countries.
🔄 Shift in Policy:
By choosing not to extend this contract, Saudi Arabia is now free to sell oil and other goods using various currencies such as the Chinese RMB, Euros, Yen, and Yuan, instead of only US dollars. There is also speculation about the potential use of digital currencies like Bitcoin for transactions.
🌐 Broader Implications:
This decision signifies a significant departure from the petrodollar system, which was established in 1972 when the US decoupled its currency from gold.
🔗 Project mBridge:
Saudi Arabia has also joined Project #mBridge , a collaborative initiative exploring a digital currency platform shared among central banks and commercial banks. This project aims to facilitate instant cross-border payments and foreign-exchange transactions using distributed ledger technology.
💭 Conclusion:
Saudi Arabia’s decision to end the petrodollar agreement marks the beginning of a significant shift in global economic dynamics. This move could reshape the landscape of global economic influence.
👇 What are your thoughts on Saudi Arabia ditching the Dollar?
How awesome would it be if Saudi would accept #bitcoin ?
Your,
@Professor Mende - Bonuz Ecosystem Founder
#SaudiArabia #Petrodollar #usdollar
$ETH $SOL
📢 In Short:
- Saudi Arabia ends 80-year petrodollar deal with the US
- Deal allowed Saudi oil sales in US dollars only
- Saudi can now use other currencies like RMB, Euros, etc
💡 Saudi Arabia has decided not to renew its 80-year petrodollar deal with the United States, which expired on Sunday, June 9, according to media reports. This historic agreement, initially signed on June 8, 1974, played a crucial role in establishing US global economic dominance.
🔍 Background:
The original deal set up joint commissions for economic cooperation and addressed Saudi Arabia's military needs. American officials hoped it would incentivize Saudi Arabia to increase oil production and strengthen economic ties with Arab countries.
🔄 Shift in Policy:
By choosing not to extend this contract, Saudi Arabia is now free to sell oil and other goods using various currencies such as the Chinese RMB, Euros, Yen, and Yuan, instead of only US dollars. There is also speculation about the potential use of digital currencies like Bitcoin for transactions.
🌐 Broader Implications:
This decision signifies a significant departure from the petrodollar system, which was established in 1972 when the US decoupled its currency from gold.
🔗 Project mBridge:
Saudi Arabia has also joined Project #mBridge , a collaborative initiative exploring a digital currency platform shared among central banks and commercial banks. This project aims to facilitate instant cross-border payments and foreign-exchange transactions using distributed ledger technology.
💭 Conclusion:
Saudi Arabia’s decision to end the petrodollar agreement marks the beginning of a significant shift in global economic dynamics. This move could reshape the landscape of global economic influence.
👇 What are your thoughts on Saudi Arabia ditching the Dollar?
How awesome would it be if Saudi would accept #bitcoin ?
Your,
@Professor Mende - Bonuz Ecosystem Founder
#SaudiArabia #Petrodollar #usdollar
$ETH $SOL
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