Key Points
- 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 Al-Jadaan: “I don’t think we are waving away or ruling out any discussion that will help improve the trade around the world,”.
- During a visit to Saudi Arabia last month, Xi Jinping pledged to ramp up efforts to promote the use of the yuan in energy deals.
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