Saudi Arabia "Open to Trade in Other Currencies"

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Contrary to what many people would hope for, de-dollarization is not something that just happens overnight. Usually when a currency starts getting used, this is something that is described as it happens gradually, then all at once and for the time being and years into the future. We are in the gradual phase of that, which means that every time we see signposts pointing forward and saying, hey, look, the world's trying to be dollarized.

When I see it, I will let you know. And when Saudi Arabia says that they are open to settling trade in other currencies, this is a sign.

Timecodes

0:00 Video Introduction
0:38 Saudi Arabia Opens door to Other Currency Trades
1:29 Parallel Markets and Currencies Are Forming

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#saudiarabia #trade #currencies