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The Great Waterfall, sigh
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Saudi Arabia abandons petrodollars, is the dollar doomed? Nonsense
Saudi Arabia abandons petrodollars, is the dollar doomed? Nonsense
Original Gu Yuan Gu Lao Ban
Saudi Arabia has decided not to renew its decades-old petrodollar agreement with the United States, which expired on June 9 this year, according to media reports.
The agreement, originally signed on June 8, 1974, is a key component of U.S. global economic influence. U.S. officials hope the deal will encourage Saudi Arabia to produce more oil and strengthen economic ties between the United States and Arab countries.
By choosing not to extend the deal, Saudi Arabia can now sell oil and other goods in different currencies, such as yuan, euros, yen, etc., rather than just the dollar.
Original Gu Yuan Gu Lao Ban
Saudi Arabia has decided not to renew its decades-old petrodollar agreement with the United States, which expired on June 9 this year, according to media reports.
The agreement, originally signed on June 8, 1974, is a key component of U.S. global economic influence. U.S. officials hope the deal will encourage Saudi Arabia to produce more oil and strengthen economic ties between the United States and Arab countries.
By choosing not to extend the deal, Saudi Arabia can now sell oil and other goods in different currencies, such as yuan, euros, yen, etc., rather than just the dollar.
what happened?
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