The ‘petrodollar’ has been weakening for years, economists warn. The Iran war put a spotlight on it
The gold customary could have ended within the early Nineteen Seventies, however one thing else quietly took its place for the following 50 years: oil. The so-called “petrodollar” system was not nicely understood for most of this time, however a secret deal between Henry Kissinger and Saudi Arabia ensured the greenback would stay the dominant…