# "In June 2024, #SaudiArabia 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.

The decision not to renew this pact stems from Saudi Arabia's recent invitation to #BRICS and its move towards dedollarization.

Crown Prince #MohammedbinSalman has informed the Saudi government that the country will no longer accept US dollars for oil transactions.

This shift includes considerations to accept other currencies, such as the #Chinese #yuan, for oil sales, as reported by the #WallStreet Journal on March 15, 2022."

**JUST IN: Saudi Arabia Joins CBDC Project mBridge (WHICH IS MASSIVE)** - #TaylorKenney

https://www.youtube.com/watch?v=wN-1AclUuGM

I don't know what to make of this? #asknostr

https://gesara.news/petro-dollar-end/

https://ronchapman.substack.com/p/saudi-arabia-to-end-petrodollar-pact

#grownostr #oil #Blood&Oil by #MichaelKlare