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fromFortune
3 weeks ago

2 years ago, Saudi Arabia quietly canceled the 'petrodollar' deal with America that wired the world economy for 50 years. Then war broke out in Iran | Fortune

The so-called 'petrodollar' system wasn't well understood for most of this time, but a secret deal between Henry Kissinger and Saudi Arabia ensured the dollar would remain the dominant reserve currency.
World politics
World politics
fromBusiness Matters
10 months ago

Gold surpasses euro as second-largest global reserve asset, says ECB

Gold has surpassed the euro as the second-largest global reserve asset, reflecting a strategic shift by central banks amid rising geopolitical tensions.
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