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Saudi Arabia Is Open To Trade Oil In Any Currency Except Dollar

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Saudi Arabia, the world's largest oil exporter, is willing to talk about oil trade settlements that are in currencies other that those of the U.S. dollar, Saudi Minister of Finance Mohammed Al-Jadaan.

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It is believed that the Saudi indication that they might be open to discussions about oil trade in currencies other than dollars could pose another challenge to the dominant position of the dollar. U.S. dollar in global oil trade.

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“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.

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