Category: Global East-West Bulletin

Petrodollar Demise: Paradigm Shift… End of U.S. Financial and Economic Dominance

Jun 16, 2024

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in Economy and Development, GEW Assessment Report, Global and International, Global East-West Bulletin, Gulf, Market Intelligence

GEW Assessment Report The World Has Changed Is this the end of an Era? The short answer may be: yes, it seems to be so. Why? The short answer may be formulated into a single sentence: The expiration of the 50-year petrodollar agreement between Saudi Arabia and the United States on June 9, 2024,…