Saudi Arabia Drifts Away From Washington And The Dollar – Analysis
===============
#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
De-dollarization and BRICS’ ascendancy: The Decline of the USD as a Global Reserve Currency /
npub178…gydu6
2024-06-16 01:53:50
Author Public Key
npub178m4hxer5f7wwyc2mr5zhyn9wrqm7j9vm0n2av547rtsx35gf96svgydu6Published at
2024-06-16 01:53:50Event JSON
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"content": "Saudi Arabia Drifts Away From Washington And The Dollar – Analysis\n===============\t\n#7a21bb5d ver:0.61\n\n#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....\n\n#newstr #SaudiArabia #UssaudiRelations #Petrodollar #GlobalInfluence \n\n https://here.news/story/7a21bb5d?ver=0.61",
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