Following the Saudi Arabia’s exit from the petrodollar deal, one would wonder what would propel Saudi Arabia to exit this deal after such a long time. Could it be a coincidence that this exit also happen to clash with Saudi Arabia’s new membership with BRICS. What then would this mean for the future of the US dollar?
XingChiSaudi Arabia has decided not to renew its petrodollar deal with the United States, which expired on Sunday, June 9, 2024. How does this affect the 2024 Presidential Election?
WilfredThe financial world faces potential upheaval as Saudi Arabia ends its 50-year petrodollar deal with the US. Instead, Saudi Arabia's central bank has joined BIS’s CBDC Project mBridge. As power becomes more equitably distributed globally, is the US facing an imminent economic downfall?
CatherineThe decision by Saudi Arabia to end the petrodollar agreement marks a significant shift away from the US dollar's long-standing dominance in global trade, potentially paving the way for alternative currencies like the BRICS stablecoin to reshape international finance.
AnaisThe Wiki Finance Expo, Sydney 2023, scheduled for November 16th, is set to highlight key areas including regulation, Forex, Crypto, Web 3.0, Metaverse, AI, and ESG.
OliveAt one of the keynote speeches, Aragon Han from Vatee talks about exploring the impacts of the rise of the anti-USD movement.
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