De-dollarization and BRICS’ ascendancy: The Decline of the USD as a Global Reserve Currency on Nostr: Saudi Arabia Ends Petrodollar Agreement with the US: A Watershed Moment in Global ...

Saudi Arabia Ends Petrodollar Agreement with the US: A Watershed Moment in Global Economic History
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#7a21bb5d ver:0.57

Saudi Arabia's termination of the petrodollar agreement with the US marks a major shift in global economic dynamics. It could weaken the US dollar, lead to higher inflation and interest rates, and a weaker bond market. The move aligns with Saudi Arabia's participation in a China-dominated digital currency trial, signaling a scaling up of commodity settlement outside of dollars. Russia's plan to create a new BRICS payments system further contributes to the 'de-dollarisation' process. The future of the dollar as the world's leading reserve currency is at stake. #Petrodollar #DeDollarisation #GlobalEconomy...

#newstr #SaudiArabia #Petrodollar #Us #GlobalEconomy #OilMarket #Currency #Geopolitics

https://here.news/story/7a21bb5d?ver=0.57