Monday, June 10, 2024

Petro dollar ended on June 9th 2024

 6*9+20*24 = 1776 

On June 9, 2024, Saudi Arabia is expected to announce that it will cease all oil sales in US dollars, marking the end of the 50-year Petrodollar Pact signed on June 6, 1974, which expires on June 9, 2024. This decision is a significant shift in global oil trade dynamics and could have wide-ranging implications for the US dollar's role as the dominant global reserve currency.