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Podcast: My FX Buddies
Episode: What are the consequences of Saudi Arabia’s decision on the global economy?
Description: What are the consequences of Saudi Arabia’s decision on the global economy?
link to My FX Buddies Blog
Professor of Economics at Al-Maqal University, Nabil Al-Marsoumi, revealed the implications of Saudi Arabia’s decision not to renew the economic agreement with the United States of America.
Al-Marsoumi stated in a blog post followed by “Al-Eqtisad News” that “Saudi Arabia’s decision not to renew the economic agreement, known as the ‘Petro-Dollar’ agreement, which was signed with the United States in 1974 for a period of 50 years and related to pricing oil in dollars, would encourage...