Saudi To Stop Selling Oil Exclusively In US Dollars? Why Can 50 Year Old Pact Expire | MINT Explains

Saudi Arabia has reportedly decided not to renew their petrodollar deal with the USA. This would be a game changing development in global finance.
In the near future, if Petro Dollar deal ends officially, there will be global financial and geopolitical changes which will impact every individual on this planet.
New international reserve currency or time to do trade in local currencies, new trade rules? There would be many things.
But why it can happen, and how it can happen? MINT explains
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Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
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[@robertnembhard3621]

The U.S. need to calm down they never know that them have a flaw in there armor😮

[@fudziahfadzlon2638]

Since time memorial gold override currency. You buy gold and sell for currency at time when the needs to utilise

[@4kMovieTrailers9]

It is predicted that Saudi Arabia will run out of oil soon and it's government is already working towards oil free economy, so this doesn't matter much..

[@janetmalcolm3403]

😂😂😂

[@petername2608]

Dont worry oil is going to get banned 😂, why climate change😂

[@garywillier4303]

Awesome 👍 Americans are going to know suffering and hunger true facts

[@Poplicious44]

1st Comment and View !