Home World Energy Saudi Arabia’s petro-dollar exit: A global finance paradigm shift. The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, & Yuan, instead of exclusively in US dollars.

Saudi Arabia’s petro-dollar exit: A global finance paradigm shift. The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, & Yuan, instead of exclusively in US dollars.

June 12, 2024

https://www.tbsnews.net/world/global-economy/saudi-arabias-petro-dollar-exit-global-finance-paradigm-shift-875321

by ElonIsWayAhead

1 comment

kongweeneverdie says:
June 13, 2024 at 12:34 am
US is selling oil that Saudi cannot compete.

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Saudi Arabia’s petro-dollar exit: A global finance paradigm shift. The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, & Yuan, instead of exclusively in US dollars.

1 comment

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