Saudi Arabia Ending the Petrodollar Explained: Interview with Dr. Carla Norrlöf

4 months ago
13

News recently broke that Saudi Arabia ended its longstanding agreement with the U.S. to trade oil in U.S. dollars, sparking fear and widespread discussion about what de-dollarization could mean for America.

Dr. Carla Norrlof, a renowned political science professor at the University of Toronto and a senior fellow at the Atlantic Council, discusses the monumental shift in global economics as Saudi Arabia ends its petrodollar agreement with the United States.

We cover the historical context of the US dollar's dominance, the benefits and costs of being the world's reserve currency, and the potential ripple effects of de-dollarization.

Dr. Norrlöf's website is here: https://carlanorrlof.com/

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