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schizoidman@lemmy.ml to World News@lemmy.mlEnglish · 2 years ago

Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales

www.indiatoday.in

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Saudi Arabia ends 80-year petrodollar deal with US for multi-currency sales

www.indiatoday.in

schizoidman@lemmy.ml to World News@lemmy.mlEnglish · 2 years ago
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The petrodollar deal was originally signed on June 8, 1974, and was a key part of US global economic influence.
  • plinky [he/him]@hexbear.net
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    2 years ago

    its some bs, the deal has not been ended and why on earth its suddenly 80 years

    • davel [he/him]@lemmy.ml
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      2 years ago

      Unless my Googling is failing me, as of the moment the contract is expired. They’re purportedly working on a new one, the results of which remain to be seen.

      • plinky [he/him]@hexbear.net
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        2 years ago

        i’ve posted about it 3 days ago, when sources were 3 crank sites. The contract doesn’t have expiration date that i can find. 50 years has passed, that much is true, but now its allegedly ended (??). Where on earth they got idea the contract was for 50 years to a day, i have no idea.

        • kbin_space_program@kbin.run
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          2 years ago

          The only previous thing I saw was a scammy financial, WSB youtuber who hit top views 3 days ago: https://www.youtube.com/watch?v=yolCkHT1S_o

        • davel [he/him]@lemmy.ml
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          2 years ago

          Folks, a lot of people are saying.

          Yeah I’m not finding a copy of said contract either on a little bit of digging, nor any direct quotes from officials.

    • F/15/Cali@threads.net@sh.itjust.works
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      2 years ago

      Yup, it’s on auto-renew every 5 years and neither country has stated that they intend to cancel.

      Note to self: indiatoday.in is not a well researched source

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