A Staunch US Ally, Saudi Arabia, Trades in Non-US -Dollars!!!
KSA announced in Davos WEF, that its consideration of trading in non-dollars currencies will enter effect before long…What impact this may have on the US $ & global financial market?
I’m convinced that the emergence of an “axis of oil” which consists of Russia (a major producer), China (a growing consumer) and Iran (a major producer), will compel the Desert Kingdom to reconsider its geopolitical and economic options.
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Link to articles:
Davos 2023: Saudi Arabia ‘open’ to discuss trading in non-dollar currencies:
https://www.al-monitor.com/originals/2023/01/davos-2023-saudi-arabia-open-discuss-trading-non-dollar-currencies#ixzz7r9V8BOjS