The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. Additionally, the potential use of digital currencies like Bitcoin may also be considered
It’s actually 50 years not 80.
Ha, indeed it is. I felt something was off with that number, but was too sleepy to do the math, haha.