The U.S. Is Facing A Major Challenge As Petrodollar Loses Force ...Middle East

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The U.S. Is Facing A Major Challenge As Petrodollar Loses Force
source : OILPRICE ( Middle East ) () 20
  On January 17, the Saudi minister of finance, Mohammed Al-Jadaan, announced that the Saudi state is open to selling oil in currencies other than the dollar. “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,” Al-Jadaan told Bloomberg TV. If the Saudi regime does indeed embrace substantial trade in currencies other than the dollar as part of its oil-export business, this would signal a shift away from the dollar as the…

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