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What was the US-Saudi petrodollar deal that lasted 50 years?
short by / on Saturday, 15 June, 2024
The end of the US-Saudi petrodollar deal, established in 1974, signals a pivotal shift in global finance. Saudi Arabia's ability to accept alternative currencies for oil exports may diminish US dollar demand, influencing inflation, interest rates, and global economic alliances. This development marks a critical juncture in international financial dynamics and geopolitical strategies.
read more at The Daily Guardian