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పెట్రో డాలర్ ముగిసిందా? || Has Petro dollar come to an end ||
Did Saudi Arabia really end petrodollar deal? UBS economist clarifies
Reports of Saudi Arabia ending the petrodollar deal sparked online discussions about the potential decline of the dollar as the world's reserve currency.
In Short
Reports suggested end of petrodollar deal
Experts claim no such agreement existed
Dollar's dominance in oil trade persists
Reports of Saudi Arabia ending the longstanding petrodollar deal with the US emerged last week, sparking online discussions about the potential decline of the dollar as the world's reserve currency.
However, amid growing speculation about the imminent decline of the US dollar's global dominance, several experts highlighted a critical flaw about the end of the petrodollar deal, pointing out there was never an agreement to begin with.
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