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**Breaking News: Saudi Arabia Makes Bold Move Away from US Dollar! 😱** In a groundbreaking decision set to redefine global economic norms, Saudi Arabia has opted not to renew its historic 50-year "petro-dollar" pact with the United States. This pivotal move means the Kingdom will now conduct oil sales in various currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of solely in US dollars. #USDollarWarning This shift marks a monumental departure in the enduring relationship between Saudi Arabia and the US, challenging the dominance of the US dollar in international commerce since 1974. The implications are profound: the global financial landscape stands on the brink of transformation, potentially diminishing the dollar's hegemony in global finance. This decision could signify a strategic alignment between Saudi Arabia and China, bolstering China's influence in the Middle East and its efforts to internationalize the RMB. As the world braces for these seismic changes, questions loom over how the US will navigate this tectonic shift and what it spells for the future of global finance. Stay tuned as this historic development unfolds, reshaping global economic dynamics and ushering in a new era where the once unassailable US dollar faces unprecedented challenges. #Bitcoin #altcoin s #BreakingCryptoNews

**Breaking News: Saudi Arabia Makes Bold Move Away from US Dollar! 😱**

In a groundbreaking decision set to redefine global economic norms, Saudi Arabia has opted not to renew its historic 50-year "petro-dollar" pact with the United States. This pivotal move means the Kingdom will now conduct oil sales in various currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of solely in US dollars. #USDollarWarning

This shift marks a monumental departure in the enduring relationship between Saudi Arabia and the US, challenging the dominance of the US dollar in international commerce since 1974. The implications are profound: the global financial landscape stands on the brink of transformation, potentially diminishing the dollar's hegemony in global finance.

This decision could signify a strategic alignment between Saudi Arabia and China, bolstering China's influence in the Middle East and its efforts to internationalize the RMB. As the world braces for these seismic changes, questions loom over how the US will navigate this tectonic shift and what it spells for the future of global finance.

Stay tuned as this historic development unfolds, reshaping global economic dynamics and ushering in a new era where the once unassailable US dollar faces unprecedented challenges. #Bitcoin #altcoin s #BreakingCryptoNews

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🌍💱 BREAKING: SAUDI ARABIA ENDS 80-YEAR PETRODOLLAR DEAL WITH U.S. 🌍 📢 Breaking News: - Saudi Arabia terminates 80-year petrodollar agreement with the US - Original deal restricted Saudi oil sales to US dollars only - Saudi now exploring transactions in RMB, Euros, and more 💡 Saudi Arabia has chosen not to renew its 80-year petrodollar agreement with the United States, which officially expired on June 9, according to recent reports. This landmark pact, initiated on June 8, 1974, was pivotal in solidifying US global economic dominance. 🔍 Historical Context: The original agreement established joint commissions for economic collaboration and addressed Saudi Arabia's military requirements. It aimed to incentivize increased oil production and strengthen economic ties with Arab nations. 🔄 Policy Shift: By opting out of extending this contract, Saudi Arabia gains flexibility to conduct oil and other transactions using diverse currencies such as the Chinese RMB, Euros, Yen, and Yuan, rather than exclusively in US dollars. There's also speculation about potential use of digital currencies like Bitcoin for transactions. 🌐 Global Impact: This decision marks a significant departure from the petrodollar system, established in 1972 when the US severed its currency from the gold standard. 🔗 Project mBridge: Additionally, Saudi Arabia has joined Project #mBridge, a collaborative effort exploring a digital currency platform shared among central and commercial banks. This initiative aims to streamline cross-border payments and foreign-exchange transactions using blockchain technology. 💭 In Conclusion: Saudi Arabia's move to end the petrodollar agreement signals a profound shift in global economic dynamics, potentially reshaping the landscape of global economic influence. 👇 What are your thoughts on Saudi Arabia's shift away from the Dollar? How exciting would it be if Saudi adopts #bitcoin? Your, @Professor Mende - Founder of BONUZ Project - in Dubai UAE #SaudiArabia $SOL $ETH
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