Cryptopolitan on MSN10d
A US-Saudi breakup no longer feels farfetched. That’s a problem for everyone
The United States and Saudi Arabia have been tied at the hip for decades. But now, it’s looking like the Kingdom is ready to ...
India Today on MSN7mon
Did Saudi Arabia really end petrodollar deal? UBS economist clarifies
Reports of Saudi Arabia ending the longstanding petrodollar deal with the US emerged last week, sparking online discussions ...
Hosted on MSN7mon
Is this the beginning of petrodollar’s end?
On June 9, there was a rash of reports that Saudi Arabia would not be renewing its 50-year-old petrodollar agreement with the US. Thus ended an extended period when the US dollar pretty much had a ...
MercoPress10y
The end of an era: Is the US petrodollar under threat?
Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms and protection, the Saudis would denominate all future sales of oil in U.S. dollars. “More than 10,000 financial ...
Asia Society8d
Petrodollar to Digital Yuan
A quiet revolution is reshaping the foundations of global finance. The Petrodollar system, which has underpinned the international oil trade and U.S. financial power for half a century, faces ...
Khaleej Times18y
Bankers, Arab history and the petrodollar bazaar
IN THE 1970s, the petrodollar became the symbol of a seismic power shift in global finance, the arrival of the Arabs as the new priesthood of money in the Third World. Of course, vast wealth ...