Tag Archives: Petrodollar

De-dollarisation: Russia and Saudi Arabia Continue to Ditch the Dollar

De-dollarisation is something I have been writing about for a long time. Two recent events are another nail in the coffin for the dollar, and by extension, US hegemony.

The first event was Russia’s main stock exchange halting the dollar and euro trades. The second is Saudi Arabia not renewing the Petrodollar Agreement. Let’s delve into this a bit more.

De-dollarisation, the process of reducing reliance on the US dollar in international trade and finance, can have significant implications for the US economy and global financial stability. Two recent events underscore this trend and offer insight into the potential future of the US dollar and its influence on global markets.… Click here to continue reading this article