Eurasia Review on Nostr: nostr:note1wvp50j8vqd58kn7pqmrtd3mn7vadpkr8kqxcvhg05ug88mjt9wfstc54ev

quoting note1wvp…54ev

Saudi Arabia Drifts Away From Washington And The Dollar – Analysis
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#7a21bb5d ver:0.61

#SaudiArabia officially terminates its 50-year petrodollar agreement with the US, signaling a major shift in global economic dynamics. The move allows Saudi Arabia to sell oil using various currencies, including the #ChineseRMB and #digitalcurrencies like #Bitcoin. This could weaken the US dollar, impact financial markets, and question its status as the world's leading reserve currency. The emergence of alternative energy sources and new oil-producing countries further challenges West Asia's dominance in the oil market. The future of the dollar is at stake as #Russia and #China accelerate the 'de-dollarisation' process....

#newstr #SaudiArabia #UssaudiRelations #Petrodollar #GlobalInfluence

https://here.news/story/7a21bb5d?ver=0.61