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Saudi Arabia Completes 50-Year Petrodollar Agreement with United States Signed on 8th June 1974, Agreement Limited Saudi Arabia to Sell Oil in USD, Saudi Arabia Can Now Sell Oil in All Currencies, Agreement was Signed to Promote Economic Cooperation & Support Saudi Arabia Military, Top 8 Most Traded Currencies are USD, EUR, JPY, GBP, AUD, CAD, CHF & CNY
21st June 2024 | Hong Kong
Saudi Arabia has completed the 50-year Petrodollar agreement with United States signed on 8th June 1974, with the agreement limiting Saudi Arabia to sell oil only in USD. With the end of the agreement, Saudi Arabia can now sell oil in all currencies. The agreement was signed 50 years ago to promote economic cooperation & support Saudi Arabia military. The global top 8 most traded currencies are USD, EUR, JPY, GBP, AUD, CAD, CHF & CNY.
“ Saudi Arabia Completes 50-Year Petrodollar Agreement with United States Signed on 8th June 1974, Agreement Limited Saudi Arabia to Sell Oil in USD, Saudi Arabia Can Now Sell Oil in All Currencies, Agreement was Signed to Promote Economic Cooperation & Support Saudi Arabia Military, Top 8 Most Traded Currencies are USD, EUR, JPY, GBP, AUD, CAD, CHF & CNY “
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Saudi Arabia Completes 50-Year Petrodollar Agreement with United States Signed on 8th June 1974, Agreement Limited Saudi Arabia to Sell Oil in USD, Saudi Arabia Can Now Sell Oil in All Currencies, Agreement was Signed to Promote Economic Cooperation & Support Saudi Arabia Military, Top 8 Most Traded Currencies are USD, EUR, JPY, GBP, AUD, CAD, CHF & CNY
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