# "In June 2024, #SaudiArabia is expected to announce that it will cease all #oil sales in #US #dollars, marking the end of the 50-year #Petrodollar Pact signed on June 6, 1974, which expires on June 9, 2024.
The decision not to renew this pact stems from Saudi Arabia's recent invitation to #BRICS and its move towards dedollarization.
Crown Prince #MohammedbinSalman has informed the Saudi government that the country will no longer accept US dollars for oil transactions.
This shift includes considerations to accept other currencies, such as the #Chinese #yuan, for oil sales, as reported by the #WallStreet Journal on March 15, 2022."
**JUST IN: Saudi Arabia Joins CBDC Project mBridge (WHICH IS MASSIVE)** - #TaylorKenney
I don't know what to make of this? #asknostr
https://ronchapman.substack.com/p/saudi-arabia-to-end-petrodollar-pact
#grownostr #oil #BloodandOil by #MichaelKlare
Saudi Arabia to End Petrodollar Pact
In June 2024, Saudi Arabia is expected to announce that it will cease all oil sales in US dollars, marking the end of the 50-year Petrodollar Pact ...
