Saudis in talks with China to price Oil in Yuan instead of Dollars

Saudi Arabia is currently in talks with China to price some of the oil sales in Yuan instead of Dollars. This comes on the back of the sanctions on Russia after the Ukrainian invasion, and the global realization that diversification away from the dollar might be wise. As more and more small events like this happen, the global trend towards de-dollarization gets stronger.

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#dollar #yuan #china #oil