The Future of the Petrodollar Agreement: Separating Fact From Fiction
===============
#7a21bb5d ver:0.82
The expiration of the US-Saudi petrodollar agreement does not mean the end of the US dollar's dominance, but it highlights the need for an alternative financial architecture. The rise of the yuan and the efforts of alliances like BRICS and ASEAN pose challenges to the dollar's global reserve status. Saudi Arabia's decision to diversify currencies used in selling oil aligns with its strategy to expand international relations. While the dollar's dominance will remain, a gradual shift towards local currencies in international transactions may be underway. #Petrodollar #DeDollarization #GlobalFinance...
#newstr #Petrodollar #UssaudiRelationship #GlobalReserveCurrency
https://here.news/story/7a21bb5d?ver=0.82
De-dollarization and BRICS’ ascendancy: The Decline of the USD as a Global Reserve Currency /
npub178…gydu6
2024-07-03 10:05:41
Author Public Key
npub178m4hxer5f7wwyc2mr5zhyn9wrqm7j9vm0n2av547rtsx35gf96svgydu6Published at
2024-07-03 10:05:41Event JSON
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"content": "The Future of the Petrodollar Agreement: Separating Fact From Fiction\n===============\t\n#7a21bb5d ver:0.82\n\nThe expiration of the US-Saudi petrodollar agreement does not mean the end of the US dollar's dominance, but it highlights the need for an alternative financial architecture. The rise of the yuan and the efforts of alliances like BRICS and ASEAN pose challenges to the dollar's global reserve status. Saudi Arabia's decision to diversify currencies used in selling oil aligns with its strategy to expand international relations. While the dollar's dominance will remain, a gradual shift towards local currencies in international transactions may be underway. #Petrodollar #DeDollarization #GlobalFinance...\n\n#newstr #Petrodollar #UssaudiRelationship #GlobalReserveCurrency \n\n https://here.news/story/7a21bb5d?ver=0.82",
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