this post was submitted on 31 Jan 2024
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Saudi Arabia, UAE, Ethiopia, Iran, Egypt confirmed they are joining BRICS (www.middleeastmonitor.com)
submitted 7 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 0 points 7 months ago (2 children)

Saudi Arabia?? ๐Ÿ˜ is this actually the end of the petrodollar?

[โ€“] [email protected] 0 points 7 months ago

Inshallah

[โ€“] [email protected] 0 points 7 months ago (1 children)

Basically yeah, with Saudis and Russia trading oil outside the dollar nobody is going to have to go through SWIFT to buy oil going forward.

[โ€“] [email protected] 0 points 7 months ago

I remember them getting invited to BRICS but i didn't get my hopes up since it was just an invitation. Now it is a reality, this is kind of a huge blow to US hegemony.