Saudi To Stop Selling Oil Exclusively In US Dollars? Why Can 50 Year Old Pact Expire | MINT Explains
Saudi Arabia has reportedly decided not to renew their petrodollar deal with the USA. This would be a game changing development in global finance.
In the near future, if Petro Dollar deal ends officially, there will be global financial and geopolitical changes which will impact every individual on this planet.
New international reserve currency or time to do trade in local currencies, new trade rules? There would be many things.
But why it can happen, and how it can happen? MINT explains
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