As an important building block in the puzzle to Bretton Woods monetary course, the find petrodollars mention:
Wikipedia:
Since World War II trade in petroleum is settled mainly in U.S. dollars . The money will be used for this purpose as petrodollars bezeichnet.Mehreren studies show that the United States agreed 1972/73 (a year after the official end of gold convertibility of U.S. dollars) with Saudi Arabia That the Saudi Arabian oil will only be billed in U.S. dollars. In return, the U.S. had supported, therefore the claim to power of the Saudi royal family. [1]
formal evidence for such an agreement does not exist, while other studies consider such a statement and therefore not tenable conspiracy theory . [
the rest of this article at:
http://de.wikipedia.org/wiki/Petrodollar
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