Saudi Finance Minister Mohammed Al-Jadaan said Saudi Arabia is open to discuss trade using currencies other than the US dollar.
Al-Jadaan added in an interview with Bloomberg in Davos today, Tuesday: “There is no problem in discussing how to settle our trade agreements, whether in US dollars, euros or Saudi riyals.”
“I don’t think we are ignoring or excluding any discussion that would help improve trade around the world,” Al-Jadaan said.
The world’s largest oil exporter is looking to strengthen ties with important trading partners, including China. Last year, during President Xi Jinping’s visit to Riyadh, the two countries agreed to strengthen coordination of energy and exploration policies. Xi said during the visit that his country will make efforts to buy more oil from the Middle East and also wants to settle this trade in yuan.
Al-Jadaan said: “We have a very strategic relationship with China, and we have the same strategic relationship with other countries, including the United States, and we want to develop it with Europe and other countries that have the will and ability to work. with us.”
