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UAE OFFICIALLY DROPS DOLLAR FOR OIL DEALS
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UAE OFFICIALLY DROPS DOLLAR FOR OIL DEALS

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VBL
Nov 29, 2023
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UAE OFFICIALLY DROPS DOLLAR FOR OIL DEALS
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UAE OFFICIALLY STOPS USING DOLLAR FOR OIL TRADES

November 27, 2023by Jai Hamid

2 mins read

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UAE officially stops using dollar for oil trades

TLDR

  • The United Arab Emirates (UAE) has shifted from using the US dollar to local currencies in its oil trades.

  • This move aligns with the br…

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