Saudi Arabia opens up to trade in currencies other than the U.S. dollar, indicating a move toward de-dollarization

The statements follow Chinese President Xi Jinping’s call for Gulf monarchs to accept the yuan for oil, and Riyadh’s statement in March that it would consider accepting the Chinese currency. Saudi Arabia moves away from U.S. dollar, sign of changing economic landscape This week, the world’s elite gathered in the Swiss Alpine town of Davos […]