currencies

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Background

International

Saudi Arabia open to trading in currencies besides the US dollar

Saudi Arabia will consider trading in currencies other than the US dollar, the country’s finance minister said Tuesday, in one of the clearest signs yet that the oil-rich kingdom is open to diversifying away from the greenback. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” the kingdom’s finance minister, […]

today18 January 2023

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