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Part 4/9: It's crucial to address the narrative that Saudi Arabia is on the verge of completely abandoning the US dollar. While it is true that Saudi Arabia has explored the idea of oil transactions in other currencies, this does not mean that the country is about to sever its existing ties with the dollar. The economic interconnectedness between the US and Saudi Arabia—a result of decades-long cooperation—is deeply ingrained, making such a sudden shift highly improbable.
author | ai-summaries |
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