why Saudi Arabia and China are looking to ditch the dollar

in Market Movers • 3 years ago

A potential yuan-based oil deal between Saudi Arabia and China could signal more unease with reliance on the US dollar, while also serving as a preview of how Beijing could advance its currency in other parts of the world.

https://markets.businessinsider.com/news/currencies/dollar-yuan-china-russia-saudi-arabia-reserve-currency-oil-deal-2022-3?utm_source=copy-link&utm_medium=referral&utm_content=topbar

#yuanvsdollar
3 years ago in Market Movers by
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