August 15, 2024 - German vehicle factory for Daimler, whose largest consistent shareholder since 1974 has been Kuwait · Itaipu Dam between Brazil and Paraguay, financed by loans from petrodollar bank deposits in the 1970s · Pakistan's Faisal Mosque, constructed 1976–1986, a gift from Saudi Arabia's King Faisal

June 17, 2024 - The petrodollar deal was originally signed on June 8, 1974, and was a key part of US global economic influence.

June 13, 2024 - The economic wheels of motion are turning and the U.S. is sleepwalking toward world war.

ChAI: Saudi Arabia decides not to renew the informal 50-year petrodollar agreement with the USA this week.

June 17, 2024 - The US-Saudi Arabia petrodollar deal has ended after 50 years. Read on to learn about the history of the deal and what petrodollars are.

June 9, 1974 - US and Saudi Arabia on June 8 sign wide-ranging mil and econ agreement; Sec Kissinger and Deputy Premier Prince Fahd Ibn Abdel Aziz sign agreement; Kissinger says accord is 'milestone' in US relations with Saudi Arabia and with Arab countries in general; Fahd says accord is 'excellent opening' ...

January 14, 2024 - How & Why Petrodollar could end soon What Are Petrodollars? Petrodollars refer to the revenues generated from the export of crude oil, with the distinctive feature of being denominated in U.S.

June 21, 2024 - Saudi Arabia approaches the petrodollar remains an important harbinger of the financial future to come.

June 17, 2024 - Reports of Saudi Arabia ending petrodollar deal sparked online discussions about the potential decline of the dollar as the world's reserve currency.

The petrodollar system that came into existence in the 1970s has come under stress, with oil being traded increasingly in non-US denominated currencies.

February 3, 2024 - As the Biden administration continues to inflate the dollar, other nations are questioning the existence of the petrodollar.

July 20, 2024 - Gulf nations are using their petrodollar wealth to wield influence on the world stage—placing investments to further strategic goals.

While oils collapse has deepened concern that Saudi Arabia will need to liquidate its Treasuries to raise cash, a more troubling worry has also emerged.

June 11, 2024 - Andrei Jikh explains the significant shift in global economics with the expiration of the long-standing Petro dollar agreement between Saudi Arabia and the US on June 9, 2024. This system, in place for 75 years, marked the US dollar as the world's reserve currency, granting economic stability ...

November 23, 2023 - Saudi Arabia has traded its oil in dollars exclusively since the 1970s. But recently, Saudi Arabia has suggested becoming a “dialogue partner” with China.

June 17, 2024 - Saudi Arabia considers de-dollarization as closer relations with Russia, Iran, and China create new incentives to break with old alliances and deals with Washington.

Saudi Arabia terminates 80-year petrodollar agreement with the US, shifting to multi-currency sales. which expired on Sunday, June 9. For more info, click here.

Petrodollars are U.S. dollars earned from crude oil exports. Read about petrodollar recycling and the history of the petrodollar.

March 21, 2022 - In 1974, Washington and Riyadh struck a deal by which Saudi Arabia could buy US treasury bills before they were auctioned. In return, Saudi Arabia would sell its oil in dollars.

June 13, 2024 - Giving rise to voices from the world of Business, Finance and Entrepreneurship.