Yesterday 9:55 am
You didn't even read the article. Again, educate yourself kelly.Mrkelly » 28 minutes ago » wrote: ↑ It was a 50 year deal … it has not been extended
saudia Arabia is talking about joining BRICS
If they do, you can kiss petrodollars goodbye
An economic cooperation agreement between oil-rich Saudi Arabia and the United States signed in 1974 was not limited to 50 years, contrary to Chinese social media posts that falsely claimed the "petrodollar deal" had expired and would not be renewed. The posts circulated against the backdrop of deepening ties between Saudi Arabia and China -- the kingdom's biggest trading partner. The false post surfaced after Saudi Arabia -- whose national currency, the riyal, is pegged to the dollar -- reportedly joined China in a multi-country digital currency project (archived link).
Bloomberg previously reported that the two countries had signed a currency swap agreement, in the latest sign of deepening ties between the Arab state and its biggest trade partner (archived link).
Similar posts that falsely claimed a "50-year petrodollar deal" had ended also spread on X, WeChat, Facebook and TikTok, as well as in other languages including English and French.
Educate yourself kelly. You would think that after russia, russia, russia, and "biden is as sharp as a tack" you MoFo's would have learned by now that your fake news is, well, FAKE. But NO, you are just too **** stupid.