Saudi Arabia's 50-year petrodollar agreement with the US expired, giving Saudi Arabia the freedom to sell oil currencies besides the dollar.

Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales

Jun 14, 2024

Saudi Arabia’s 50-year petrodollar agreement with the US expired on Sunday, June 9, 2024, giving Saudi Arabia the freedom to sell oil in various currencies. Saudi Arabia’s decision not to renew its contract allows for the sale of oil and goods in multiple currencies, like the Chinese RMB, Euros, Yen and Yuan. This move is anticipated to speed up the use of currencies other than the US dollar in global trade.

The initial agreement, signed in 1974, required any country purchasing oil from Saudi Arabia to pay with U.S. Dollars. Many other oil producing countries made the decision to sell in dollars as a result.

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US-Saudi Arabia Petro Dollar Pact Ends – Joe Biden’s Failures Are Bringing an End to Global Dollar Dominance

The Gateway Pundit

Another EPIC BIDEN FAIL: Saudi Arabia Ends 80-Year Petrodollar Deal with US, Dealing Massive Blow to US Global Economic Dominance – Geller Report

Geller Report

Saudi Arabia Won’t Be Renewing Its 50-Year Petro-Dollar Deal With The US

thepeoplesvoice.tv

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Saudis dropping petrodollar, trade oil in all currencies

MSN

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 exclusivel

Europe Says

After 50 years.. Saudi Arabia stops selling oil exclusively in dollars and the end of the petrodollar agreement – The World Today

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Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales

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