De-dollarization and BRICS’ ascendancy: The Decline of the USD as a Global Reserve Currency on Nostr: The Death of the Petrodollar: Implications for the US Economy and Global Financial ...

The Death of the Petrodollar: Implications for the US Economy and Global Financial Order
===============
#7a21bb5d ver:0.59

The termination of the petrodollar agreement between the US and Saudi Arabia has far-reaching implications for the global economy. It could weaken the US dollar, lead to higher inflation and interest rates, and challenge the dominance of West Asia in the oil market. Saudi Arabia's participation in a China-dominated digital currency trial and Russia's plan to create a new payments system further contribute to the 'de-dollarization' process. The future of the dollar as the world's leading reserve currency is at stake. #Petrodollar #DeDollarization #GlobalEconomy...

#newstr #Petrodollar #UssaudiRelations #GlobalFinance #ReserveCurrency #Dedollarization #UsEconomy #PowerDynamics #EnergySector #FinancialSector #TradeSector

https://here.news/story/7a21bb5d?ver=0.59