What is the Petrodollar?

2 years ago
116

In the mid-1970s, the US made an agreement with Saudi Arabia to sell oil in US Dollars. This is known as the Petrodollar agreement and launched a new era of global trade centered around oil.

Interested in more about this topic?
👉 https://bit.ly/3LiXl0L

Join my Locals community to learn more about geopolitics, blockchain and the future of money.

https://twostepsahead.locals.com

Loading comments...