O n June 9, there was a rash of reports that Saudi Arabia would not be renewing its 50-year-old petrodollar agreement with the US. Thus ended an extended period when the US dollar pretty much had ...

What Happened: Social media platforms were abuzz with rumors about the collapse of a supposed 50-year-old “petrodollar” ...

The Petrodollar system, born from 1970s agreements between the United States and Saudi Arabia, rests on three pillars: oil priced in dollars, transactions settled in dollars, and oil revenues recycled ...

Pundits like Thomas Friedman claimed that Saudi crown prince Mohammed bin Salman was a reformer committed to liberalization. In reality, the Saudi kingdom remains unflinchingly authoritarian, ...

Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms ... The dominance of the U.S. “petrodollar” continues to this day. Recent news coming out of Russia, however, suggests ...

the report explores how the Petrodollar system is being reshaped by China’s innovations in alternative payment systems, particularly its digital yuan and the mBridge platform. The report further ...

IN THE 1970s, the petrodollar became the symbol of a seismic ... gold under a Dhahran salt dome and changed the history of Arabia forever. It is surely significant that 1975, the year the Bahrain ...