« previous next »
Pages: [1]   Go Down

Author Topic: Saudi Arabia Is Open To Discuss Non-Dollar Oil Trade Settlements  (Read 319 times)

0 Members and 1 Guest are viewing this topic.

Offline Free Vulcan

  • Technical
  • *****
  • Posts: 23,756
  • Gender: Male
  • Ah, the air is so much fresher here...
Saudi Arabia Is Open To Discuss Non-Dollar Oil Trade Settlements
« on: January 18, 2023, 08:57:27 pm »


Saudi Arabia, the world’s largest crude oil exporter, is open to discussing oil trade settlements in currencies other than the U.S. dollar, Saudi Minister of Finance, Mohammed Al-Jadaan, told Bloomberg TV in an interview in Davos on Tuesday.

The Saudi signal that it could be open to talks about oil trade arranged in non-dollar currencies could be another threat to the current dominance of the U.S. dollar in global oil trade.

“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,” Al-Jadaan told Bloomberg TV.

“I don’t think we are waving away or ruling out any discussion that will help improve the trade around the world,” the Saudi minister added.

https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Is-Open-To-Discuss-Non-Dollar-Oil-Trade-Settlements.html
Logged
The Republic is lost.

Offline Hoodat

  • Hero Member
  • *****
  • Posts: 36,417
Re: Saudi Arabia Is Open To Discuss Non-Dollar Oil Trade Settlements
« Reply #1 on: January 18, 2023, 09:04:23 pm »
This is the beginning of the end.  Nigeria, here we come.
Logged
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Offline Kamaji

  • Hero Member
  • *****
  • Posts: 57,903
Re: Saudi Arabia Is Open To Discuss Non-Dollar Oil Trade Settlements
« Reply #2 on: January 18, 2023, 09:15:19 pm »
Quote from: Hoodat on January 18, 2023, 09:04:23 pm
This is the beginning of the end.  Nigeria, here we come.

Nigeria?  Try Venezuela or Zimbabwe.
Logged
Pages: [1]   Go Up
« previous next »