Not only is Saudi Arabia trading oil in other currencies than the dollar (notably the Yuan), it now appears the UAE is also strategically shifting away from the US dollar in its oil transactions, marking a significant change in the global financial landscape.
https://www.zerohedge.com/news/2023-12-08/uae-ditching-dollars-oil-trades
https://www.zerohedge.com/news/2023-12-08/uae-ditching-dollars-oil-trades
Not only is Saudi Arabia trading oil in other currencies than the dollar (notably the Yuan), it now appears the UAE is also strategically shifting away from the US dollar in its oil transactions, marking a significant change in the global financial landscape.
https://www.zerohedge.com/news/2023-12-08/uae-ditching-dollars-oil-trades
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