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Saudi Arabia's Bold Move: Is the US Dollar's Reign Over?
The 50-year Petrodollar deal between Saudi Arabia and the US is ending in June 2024, potentially diminishing the US dollar's global dominance and impacting the world economy. Saudi Arabia's strategic shift towards trading oil in other currencies, like the Chinese yuan, and its involvement in the CBDC initiative Project mBridge reflect significant changes in global economic dynamics.
Major questions answered in this video:
1. What are the potential global economic impacts of the end of the Petrodollar deal between Saudi Arabia and the United States?
2. What are the reasons behind Saudi Arabia's decision not to renew the Petrodollar agreement?
3. How does Saudi Arabia's involvement in Project mBridge reflect a shift in global economic dynamics?
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