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Wednesday, June 19, 2024

Saudi MBS on the petrodollar agreement with U.S.note

The fifty-year Saudi-U.S. petrodollar agreement supposedly ceased on 9/6/2024.

Saudi Crown Prince Mohammad Bin Salman (MBS) has refrained from addressing this matter publicly.

The note provides a comprehensive overview of the following aspects:

- MBS’ stance on the petrodollar agreement and the use of the U.S. dollar

- His plan concerning Saudi Riyal in global financial markets

The note also mentions U.S. attempts to understand MBS’ position on the future of the petrodollar agreement.


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