Not a fan of this spitter… but All the values in capital Kenyans avoid like the plague…values that are the biggest factor for Kenya’s development
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Fake arab Maragoli @Bingwa_Scrotum must be wanking to this news
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Saudi Arabia belongs to the Saud family. They’ll do everything to see it prosper. Most of these other nations don’t belong to the leaders, so they steal from them without regard to what may happen when they leave.
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Thats what I thought.
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Saudi is only important or treated in a special way because it agreed to guarantee the value of the US dollar via the petrodollar. Kitambo the dollar was pegged to gold but later the US and Saudi agreed to link it to oil. Thus it all has to do with the petrodollar. The woria should educate himself on matters history and the global economy.
Quote:
While it sounds like a currency, the term petrodollar actually refers to the system of buying petroleum exports using U.S. dollars. In 1945, President Franklin D. Roosevelt reached an agreement with Saudi Arabia to provide aid, and in exchange, they would price their oil exports in U.S. dollars. In the 1970s, that system expanded to other oil-producing countries and has been the standard ever since.
However, recently, countries like Russia and China have signaled that they would prefer to purchase oil using their currencies, the yuan and ruble, which could lessen the importance of the dollar globally.
In March, Forbes reported that Russia, China, and Brazil had all used their own currencies to conduct oil transactions. Sanctions against Russia because of the war in Ukraine have also influenced those decisions.
Despite these moves, Forbes says, “the petrodollar remains the dominant currency for trades in oil and petroleum products.”
However, if its use declines that could have an impact on the value of the dollar globally.
In recent years, actions including the murder of U.S. resident Jamal Khashoggi by Saudi state agents in Turkey have fueled concerns that petrodollars are financing human rights violations, while shielding perpetrators from accountability.
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Values not dollars
Hii ni ukweli.
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Hii maneno unaelewa kabisa
saudi will never be a superpower even in million years
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