The Petrodollar Agreement ends on June, 9th

June 8, 2024

eyesonmalaysia The petrodollar agreement, established in the 1970s, refers to the practice of selling oil exclusively in U.S. dollars. This system has been a cornerstone of the global financial system, as it has helped maintain the U.S. dollar’s status as the world’s primary reserve currency1. The agreement originated from a deal between the United States…
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