42 sats \ 2 replies \ @jakoyoh629 15 Jun \ parent \ on: The US - Saudi Petro Dollar Agreement Has Official Ended news
Probably a bit of both. In fact, Saudi Arabia is likely swimming in dollars and has little interest in getting rid of them too quickly.
write
preview
this territory is moderated
50 sats \ 1 reply \ @Undisciplined OP 15 Jun
Exactly, plus most of their trade partners are still going to be using dollars.
It's another bit added to the gradually pile.
reply
42 sats \ 0 replies \ @jakoyoh629 15 Jun
Sure, it doesn't hurt as much if you do it gradually. It was interesting to see Saudi Arabia expanding oil sales for Bitcoin. Who knows what the future holds?
reply