Saudi Arabia Considers Global Trade in Non-Dollar Currencies

Saudi Arabia Considers Global Trade in Non-Dollar Currencies
Saudi Minister of Finance Mohammed Al-Jadaan (C) attends the Euromoney conference in the Saudi capital Riyadh on May 2, 2018. FAYEZ NURELDINE/AFP via Getty Images
Andrew Moran
Updated:
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Saudi Arabia, the world’s largest crude oil exporter, is considering trading in currencies other than the U.S. dollar, a kingdom official revealed.

Mohammed Al-Jadaan, a Saudi minister of finance, told Bloomberg TV in Davos, Switzerland, on Jan. 17 that officials are open to potentially utilizing other currencies as the energy juggernaut bolsters relations with its strategic partners.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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