June 12, 2024 - 485 votes, 306 comments. 4.9M subscribers in the Economics community. Reddit's largest economics community. Serving as a central forum for users to…

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' ...

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

May 31, 2024 - China is using Rare Earth Elements to challenge U.S. global economic hegemony.

A petrodollar agreement with the United States and Saudi Arabia has expired. As per reports, the Gulf nation has decided not to renew the deal that expired on June 9. The move can be seen as a global finance paradigm shift from the USD as a reserve currency. The termination of the deal may ...

June 13, 2024 - Saudi Arabia is rumoured to be dropping the US dollar for the Chinese yuan, but are the reports correct?

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

June 13, 2024 - Petrodollars are US dollars exchanged for crude oil exports. The deal, struck between Saudi Arabia and the United States in 1974 in the aftermath of an oil crisis, allowed the Washington a steady flow of crude and a market to buy its debt while the Kingdom would get military aid and equipment.

June 17, 2024 - Stories about the collapse of a longstanding “petrodollar” agreement between the U.S. and Saudi Arabia spread like wildfire on social media. But the...

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

June 13, 2024 - Dollar Dollar Dominance Petro-dollar Petro-dollar Deal Saudi Arabia Saudi-US Petro-Dollar Deal Timeline Daily United States US Dollar Business Saudi Arabia's several move

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

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.

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

June 1, 2016 - How a legendary bond trader from Salomon Brothers brokered a do-or-die deal that reshaped US-Saudi relations for generations.

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

June 21, 2024 - The deal did not exclusively bind Saudi Arabia to deal in USD.

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The 50-year-old petrodollar agreement between the U.S. and Saudi Arabia was just allowed to expire. The term "petrodollar" refers to the U.S. dollar’s role as the currency used for crude oil transactions on the world market. This arrangement has its roots in the 1970s when the United States ...