Birdwatch Note Rating
2024-06-11 11:39:22 UTC - HELPFUL
Rated by Participant: 9B041946D4719A9BE652E1C9FFEF35B3075A86D69A7524C46AE5C5AA256B049B
Participant Details
Original Note:
There is no formal petrodollar system. The petrodollar is based on a handshake agreement between the U.S. and Saudi Arabia in 1974. There is no indication it is expiring, nor do primary sources from that era suggest this: https://www.fordlibrarymuseum.gov/library/document/0314/1552718.pdf https://www.bloomberg.com/news/features/2016-05-30/the-untold-story-behind-saudi-arabia-s-41-year-u-s-debt-secret
All Note Details