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Saudi Arabia not renewing Petrodollar agreement…..
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<blockquote data-quote="Thebrownblob" data-source="post: 5930578" data-attributes="member: 60485"><p>[URL unfurl="true"]https://www.zerohedge.com/geopolitical/sense-and-nonsense-petrodollars[/URL]</p><p></p><p><strong>“The accounts were rife with inaccuracies</strong>: <em>the Saudis’ have transacted in non-dollar currencies for decades, and there has never been a formal treaty, much less with a specified expiration date, governing the loose arrangement that has come to be called the ‘<a href="https://en.wikipedia.org/wiki/Petrocurrency" target="_blank">petrodollar system</a>.”</em></p></blockquote><p></p>
[QUOTE="Thebrownblob, post: 5930578, member: 60485"] [URL unfurl="true"]https://www.zerohedge.com/geopolitical/sense-and-nonsense-petrodollars[/URL] [B]“The accounts were rife with inaccuracies[/B]: [I]the Saudis’ have transacted in non-dollar currencies for decades, and there has never been a formal treaty, much less with a specified expiration date, governing the loose arrangement that has come to be called the ‘[URL='https://en.wikipedia.org/wiki/Petrocurrency']petrodollar system[/URL].”[/I] [/QUOTE]
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Saudi Arabia not renewing Petrodollar agreement…..
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