As of June 9th, 2024, Saudi Arabia has decline to renew the 50 year Petrodollar agreement
Another crack in the dominance of the US dollar
By News on the Net Wall Street Silver—— Bio and Archives--June 13, 2024
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This agreement provided security and weapons to Saudi Arabia in return for Saudi Arabia pricing oil in US Dollars, which helped maintain the US dollar as the world reserve currency.
As of June 9th, 2024, Saudi Arabia has decline to renew the 50 year Petrodollar agreement.
— Wall Street Silver (@WallStreetSilv) June 13, 2024
This agreement provided security and weapons to Saudi Arabia in return for Saudi Arabia pricing oil in US Dollars, which helped maintain the US dollar as the world reserve currency.… pic.twitter.com/SASNHr5VfV
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