Saudi Arabia is Willing to Settle Trade in Currencies Other Than US Dollar

Vignesh Karunanidhi
January 17, 2023

Source: Bloomberg
According to Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, the country is now willing to settle trades in currencies other than the US dollar. The revelation was made by Al-Jadaan on Tuesday during an interview in Davos.

“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,” said Mohammed Al-Jadaan. He also stated that he doesn’t think that they are waving away any discussion that will help improve trade around the world.


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Saudi Arabia is looking to strengthen relations with China
Saudi Arabia is one of the largest oil exporters in the world. The country has always maintained a currency back to the dollar until now. Saudi Arabia is also trying to strengthen its relationship with China. The duo had earlier come to an agreement to ramp up coordination on energy exploration and policy. A discussion has reportedly also taken place where China would make efforts to buy more oil and settle that trade in the yuan.


Source: The Rahnuma Daily
Al-Jadaan also mentioned during the interview that the country enjoys a strategic relationship with China and other nations, including the US, and that they also want to develop that with other countries, including Europe, and anyone else who is willing to work with them.

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Saudi Arabia’s finance minister also continued his conversation, unveiling his plans to invest $10 billion in Pakistan. He is also in discussions with the World Bank to provide more creative support to Pakistan.

Mohammed Al-Jadaan
Saudi Arabia
US DOLLARhttps://watcher.guru/news/saudi-arabia-is-willing-to-settle-trade-in-currencies-other-than-us-dollar

America go start propaganda against Saudi they've being defending for tears soon

The US brought this upon themselves. Every country are now looking for another place to keep their wealth.

Anti Christ taking shape . in fulfillment of the prophecy .

Since the beginning of the Russia smo in Ukraine, I have understood that the future of the u.s dollar is in the hands of the saudis.

Let them start already.

Let's see the currency that will provide same security as the dollar.

There is a reason $ £ € remains the strongest.

fredoooooo:
America go start propaganda against Saudi they've being defending for tears soon

Seriously, this proxy war with Russia really hurts the WEST. if you know how much USA benefits from Saudi Arabia alone, you would know loosing Saudi Arabia really hurts them.

May We never have someOne like Russia as an enemy, because you no go just understand wetin dey happen

sapientia:
Let them start already.

Let's see the currency that will provide same security as the dollar.

There is a reason $ £ € remains the strongest.

Understand Russia brought this up and Russia isn't even proposing other countries use the Russian Ruble. Russia seems to be doing things for the interest of every one else.
Russia is looking to introduce a neutral means of payment so you don't end up weakening your currency, while enriching others.

The WEST, especially USA, have the opportunity to do a couple of damage controls but seems they're relaxed, hoping Russia wouldn't succeed in crushing $ £ €.

bassdow:


Seriously, this proxy war with Russia really hurts the WEST. if you know how much USA benefits from Saudi Arabia alone, you would know loosing Saudi Arabia really hurts them.

May We never have someOne like Russia as an enemy, because you no go just understand wetin dey happen

Puttin is extra smart and intelligent. Europe bleeding at the moment forget about the propaganda.