Breaking: China, Saudi Arabia Dedollarize Beyond Oil
China, Saudi Arabia Central Banks Sign Currency Swap
And there it is... the Breaking of the Saudi Riyal's peg to the USD has begun.
China, Saudi Arabia Central Banks Sign Currency Swap
November 20, 2023 at 6:36 AM EST
China and Saudi Arabia have signed a local-currency swap agreement worth around $7 billion, deepening their ties as countries across the Middle East look to shift more of their non-o…