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The Petrodollar system and the US and Saudi Relations
Learn the history of petrodollars, the term created in 1973 when the Nixon administration made a pact to protect the Saudi regime in return for making the dollar the trading currency for all oil trades worldwide. Any regime who has tried to divert f...Learn the history of petrodollars, the term created in 1973 when the Nixon administration made a pact to protect the Saudi regime in return for making the dollar the trading currency for all oil trades worldwide. Any regime who has tried to divert f...
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