24 End of the petrodollar? Saudi Arabia has chosen not to renew a security agreement with the US, set to expire on June 9, 2024. This means Saudi Arabia can now sell oil and other goods in currencies like the RMB, Euros, Yen, Yuan, and more, instead of just the US dollar (www.binance.com) posted 162 days ago by Asterix 162 days ago by Asterix +25 / -1 manha izhal041(@Square-Creator-ae9be4bb43e8)'s insights Saudi Arabia, led by Crown Princejust one click free ustd 💸💸💸💸 Mohammed Bin Salman, has chosen not to renew a security agreement with the US, set to expire on June 9, 2024. This means Saudi Arab 8 comments share 8 comments share save hide report block hide replies
The currency in which oil is traded is completely irrelevant.
What's relevant is in which currency it is priced and that is and remains the US Dollar.