Mario Nawfal
@MarioNawfal
🇺🇸🇸🇦U.S / SAUDI PETRODOLLAR ENDED AFTER 50 YEARS – WHAT DOES THAT MEAN?
Many reports claim that Saudi Arabia is separating from the U.S. dollar as its exclusive currency for selling oil, but there is no official announcement to this effect.
We initially shared a post about it, but upon further consideration, we decided to delete it.
Despite the 50th anniversary of the petrodollar agreement, a significant historical event between Saudi Arabia’s King Faisal and Richard Nixon, there’s no concrete evidence to support the claim of a 50-year expiry.
We strive to maintain balance, fairness, and unbiased content, and we don’t want to spread anything speculative or misleading.
Source: Politico, Reuters,
@izakaminska
Photo: Archived
