Saudi Arabia Says Open to Settling Trade in Other Currencies (2)

Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister.

“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,” Mohammed Al-Jadaan told Bloomberg TV on Tuesday in an interview in Davos.

“I don’t think we are waving away or ruling out any discussion that will help improve the trade around the world,” Al-Jadaan said.

WATCH: Saudi Arabia is open to discussions about trade settlement in non-dollar currencies, says finance minister Mohammed Al-Jadaan.

Source: Bloomberg

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