The Prince of Saudi Arabia Decides Not to Renew the Petrodollar Agreement
Saudi Arabia has made a significant decision that could reshape global finance. Crown Prince Mohammed Bin Salman has chosen not to renew the long-standing petrodollar agreement with the United States. This marks the end of a 50-year era where oil sales were exclusively conducted in US dollars. This move signals a major shift in Saudi Arabia’s economic strategy and its increasing ties with the BRICS nations.
Is the World Moving Away from the US Dollar?
The status of the US dollar as the world’s primary reserve currency has been a cornerstone of international finance for many decades. The position afforded the United States considerable economic and strategic advantages. However, recent developments suggest a potential shift in this dynamic as countries and financial institutions explore alternatives.
A Beginners Guide to Investing in Precious Metals; Gold and Silver
Investing in precious metals can be a great way to diversify your precious metals portfolio, hedge against inflation, and protect your wealth in times of…
