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US-Saudi petrodollar deal ends after 80 years: What are petrodollars? - India Today
The US-Saudi Arabia petrodollar deal has ended after 80 years Read on to learn about the history of the deal and what petrodollars are
By: India Today
- Jun 15 2024
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The US-Saudi Arabia petrodollar deal, a pivotal arrangement in global finance, has ended after 80 years.
This landmark deal, initiated on June 8, 1974, facilitated the exchange of US dollars for cru… [+2238 chars]