联系人

Saudi Arabia exit petro-dollar deal with the U.S.

六月, 13 2024

Economic news

The petrodollar pact between Saudi Arabia and the United States, concluded in 1974, has ended its operation. This opens up the possibility for Saudi Arabia to trade oil and other goods not only for US dollars, but also in other currencies.

The agreement was signed on June 8, 1974 and provided for the creation of two joint commissions – on economic cooperation and on the military needs of Saudi Arabia. The United States persuaded the Saudis to trade oil exclusively for dollars in exchange for military aid from the United States, which became the basis of global oil trade in the next 50 years.

The contract expired on June 9, 2024, and the decision not to renew it allows Saudi Arabia to sell oil and other goods for yuan, euros, yen and other currencies, including digital ones such as bitcoin.

This decision symbolizes a gradual departure from the petrodollar system, established in 1972, and is expected to accelerate the global abandonment of the US dollar.

精致的交易平台

专用的客户支持

最好的交易执行

快速链接

+ 442 030 976 697

ForexMart is authorized and regulated in various jurisdictions.

Tradomart SV Ltd. (Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.

© 2015-2024 Tradomart SV Ltd.

开设
账户

Top Top

defer(function(){ $("#cookies_modal").modal('show'); setCookie('fm_cookies', 'agree'); $(document).on('click', ".fm_cookies", function () { $("#cookies_modal").modal('hide'); setCookie('fm_cookies', 'agree'); }); }); function setCookie(key, value) { var expires = new Date(); expires.setTime(expires.getTime() + (10 * 365 * 1 * 24 * 60 * 60 * 1000)); document.cookie = key + '=' + value + ';expires=' + expires.toUTCString(); }

风险提示:

外汇本质上有高度的投机性和复杂性，可能并不适合所有投资者。外汇交易可能会带来重大的收益或损失。因此，建议您不要承担无法承受的损失。在使用ForexMart提供的服务之前，请确认外汇交易相关联的风险。必要时寻求独立的财务意见。请注意，过去的业绩和预测都不是未来结果的可靠指标。

外汇本质上有高度的投机性和复杂性，可能并不适合所有投资者。外汇交易可能会带来重大的收益或损失。因此，建议您不要承担无法承受的损失。在使用ForexMart提供的服务之前，请确认外汇交易相关联的风险。必要时寻求独立的财务意见。请注意，过去的业绩和预测都不是未来结果的可靠指标。