Ditching Dollars: Saudi Arabia and Russia’s Financial Power Play

Join Nick and Susana for an impromptu episode as the world continues to undergo significant changes! The global financial landscape is experiencing a transformation as Russia and Saudi Arabia reduce their dependence on the US dollar. Saudi Arabia is now selling oil in various currencies, and Russia has banned the use of US dollars at the Moscow stock exchange. The mBridge digital currency system is gaining momentum, potentially challenging the dollar's dominance. Geopolitical tensions are also escalating with Russian military activities near the US. What is the underlying message behind these events? Stay tune as Nick walks us through some of this week's highlights. 

 

Nick Ragone

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