‘Petrodollar Deal’: Did Saudi Arabia Not Renew Deal With US? EXPLAINED | Economy News

New Delhi: Recently, reports surfaced in the media that a long-standing deal between the United States and Saudi Arabia – touted as the Petrodollar deal lapsed in June 2024. Murmurs around the deal say that the said ‘Petrodollar deal’ has over 50 years of existence (since established in 1974).  Media reports further add that, Saudi […]

ABHISEK RAJPUT

July 12, 2024

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Currency War: China vs U.S. Dollar | Bitcoin Analysis

The banking failures in the U.S. renewed questions about its susceptibility to destabilizing financial crises. Meanwhile, China’s ties with Saudi Arabia have led to speculation of a petro-yuan that displaces the petrodollar. Russia’s economy, restricted from Western financial networks and the U.S. dollar, has embraced a burgeoning alternative: the Chinese yuan. Chinese banks are opening […]

bibhuti

April 20, 2023

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