CounterPunch6d
The Petrodollar – The US-Saudi Deal that Ruined the World
The United States–Saudi “petrodollar” arrangement has underpinned American economic and military power for nearly five ...
BRICS+ Series: BRICS and the Future of Oil Pricing: Ending the Petrodollar Monopoly
The petrodollar system, which mandates that most oil transactions be made in U. S. dollars, has controlled the world oil ...
Foxtel’s sale backed by Saudi dollars close to the finish line
With the foreign investment watchdog spending the past three months scrutinising the deal, broadcast rights for AFL, NRL, ...
Growth in Bitcoin and stablecoin adoption could accelerate dedollarization
A 2024 paper by Morgan Stanley’s head of Digital Asset Markets, Andrew Peel, suggested that the rise of digital currencies ...
FXEmpire.com9d
Saudi Arabia and US Petrodollar System are Facing The End
The answer is simple “PETRODOLLAR”. On August 15 th 1971, USA president Richard Nixon shocked the world by ending the Gold convertibility system. Gold convertibility system was born during the ...
Dubai’s property market is thriving — and its neighbours are taking notes
Price rises of 147 per cent in five years, soaring skylines and a rush of new residents are an inspiration to some, a ...