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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: didjuneau who wrote (223277)6/13/2024 10:59:33 AM
From: didjuneau  Read Replies (1) of 224749
 
The biggest news of the day: Saudi Arabia ditches US dollar and will NOT renew the 50 year 'petro-dollar' agreement with the United States. Saudi Arabia will now sell oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars.

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, and Yuan, instead of exclusively in US dollars. Additionally, the potential use of digital currencies like Bitcoin may also be considered

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