The BRICS nations are actively working towards reducing their reliance on the U.S. dollar. At a recent summit in Russia, foreign ministers from BRICS countries and 13 other interested nations discussed plans to use local currencies for trade and financial transactions. Russian President Vladimir Putin announced that BRICS is developing an independent payment system free from political pressure. Additionally, there are claims that the long-standing U.S.-Saudi Arabia petrodollar agreement has ended after 50 years, although this remains unconfirmed and speculative. Some sources suggest that Saudi Arabia may explore alternative currencies, such as the Digital Yuan, for its oil trade. BRICS is also exploring a Blockchain-Based Currency, with a potential value equivalent to $55.
Uhhhhhhhh.... soooooo the Petrodollar ended today. Life in the U.S. is gonna change DRAMATICALLY. The shocking part is that NO mainstream news outlets was reporting this earlier this week and I searched for about an hour. https://t.co/Ys1qOd5PqH https://t.co/7rpzkLNRoN
Is there any truth to reports that Saudi Arabia is dropping the petrodollar for the Chinese yuan or is it just crude propaganda? https://t.co/XMs7uRXU4t
There are rumours that Saudi Arabia dropping the petrodollar for the Chinese yuan. Is there any truth to the reports or is it all just crude propaganda? https://t.co/XMs7uRXU4t
Crude propaganda? Rumours abound that Saudi Arabia is set to drop the petrodollar for the Chinese yuan https://t.co/XMs7uRXU4t
No, Saudi Arabia isn’t ditching the dollar for Ripple in its oil trades https://t.co/x4jyb9SpzW
Biden admin has further sanctioned the main Russian stock exchange (MOEX) which now suspends all Foreign exchange transactions settled in U.S. Dollars and Euro. Further, KSA will NOT renew the 50 year old Petro Dollar agreement that expired on June 9. Are you paying attention?
The Saudi-US petrodollar agreement coming to an end story is 100% bullshit. Let's see who continues to push it.
Saudi Arabia is telling the petrodollar to go pound sand. BASED! https://t.co/ZgCN9wgvOd
Saudi Arabia Ends Petrodollar Agreement: Fake News👇👇 https://t.co/7kZamhxTMv
Show me the part of the agreement where it says oil is to be traded in USD? Saudi Arabia - which within the next decade will recognize Israel (you may laugh now, but it will happen) - is not replacing its partnership with the US for BRICS. A fantasy, like the collapse of the $. https://t.co/dYQwbWxPYb
With the conclusion of the 1974 Petrodollar agreement and its non-renewal today, the Saudis are likely to explore alternative monetary vehicles for their oil trade, most probably the Digital Yuan, as they move away from USD-denominated debt. https://t.co/HkfwIBLaBo
🇺🇸🇸🇦 The Business Standard: What’s with the news about the petrodollar agreement with US and Saudi? It’s literally 50 years not 80. There was no expiration data, as far as I know and it’s fake anyway. https://t.co/BhMBkdS0Ud
this is alarming 🔸Saudi Arabia ditching the Dollar in Oil trading 🔸Russia ending the Dollar settling in stocks buy $BTC, buy $SOL https://t.co/OpgtKC5nrB
I challenge anyone to show a hard proof of a 50-year agreement between the US and Saudi Arabia regarding the use of the US dollar in oil pricing on June 6, 1974! If there is no agreement, there is NOTHING to expire! End of story! @MarioNawfal #Oil #SaudiArabia #US https://t.co/Jd19E6ygBJ
I challenge anyone to show a hard proof of a 50-year agreement between the US and Saudi Arabia regarding the use of the US dollar in oil pricing on June 6, 1974! If there is no agreement, there is NOTHING to expire! End of story! #Oil #SaudiArabia #US https://t.co/oQx56PSwuX
Saudi Arabia is dumping the US dollar as its exclusive option for oil trades. https://t.co/R6SYxOT6R7 https://t.co/rW5BAmCaB2
FYI - all the talk about the petrodollar agreement coming to an end (which as it happens @theblindsp0t covered over two weeks ago) is there actually any verified confirmation about this being the case? Last I checked it was all speculative but it’s being reported as fact. As…
BRICS finalizing payment platform that bypasses the USD for trade. Follow: @AFpost https://t.co/60634zmajK
#BRICS Currency is set to be Equivalent to $55 ⚠️ • U.S.-Saudi Petrodollar agreement has ended after 50 years • #BRICS exploring a Blockchain-Based Currency 👀 #Crypto #Blockchain #DigitalCurrency #GlobalEconomy #FinancialNews https://t.co/tmpc7uTP7B
Putin Says BRICS Developing Independent Payment System Free From Political Pressure — #paymentsystem #brics https://t.co/vHBlc75ZMB
#BRICS Ministers of Foreign Affairs emphasized using #localcurrencies in trade and financial transactions between member countries. https://t.co/eN3ak5P1lq
BRICS SUMMIT BEGINS WITH GOAL OF DITCHING U.S. DOLLAR (Breitbart) The foreign ministers of BRICS member nations – and another 13 countries interested in collaborating with the anti-Western bloc – convened in Russia on Monday for a meeting outside of the confines of the BRICS… https://t.co/VACYu1G7mw
JUST IN 🚨: BRICS is nearing completion of its de-dollarization program. Everyone else is ditching the dollar, why aren't you? #Bitcoin https://t.co/ZmHK4XzNfK
A lot of people are talking about the end of Petrodollar — i.e., the US-Saudi Arabia deal to sell oil only in US dollar. But there’s nothing about that in WSJ, Bloomberg etc. Such an earth-shattering change would certainly get covered by mainstream media. Also, I doubt that… https://t.co/eXJWLQcNdb