I’m confused because of all the things that I heard about the end of the petrodollar. Then I stumbled upon this article here, but I cannot comprehend the whole context:
[Article that claims there is no such thing as a petrodollar agreement](https://www.morningstar.com/news/marketwatch/20240615261/reports-of-the-petrodollar-systems-demise-are-fake-news-heres-why)
In: Economics
The story is that SA had an agreement that all oil sales would be in usd. The ending of this agreement is an indicator that the strength of the dollar is waning fast.
In fact no such agreement existed, it was just useful for SA to denominate sales in usd.
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