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Saudi Arabia Says Open to Settling Trade in Other Currencies

Saudi Arabia's finance minister is open to discussing trade settlement in currencies other than the US dollar and is seeking to strengthen relations with trade partners like China. The country is investing heavily in Pakistan and providing support to vulnerable nations.

1 min read
  • Saudi Arabia's finance minister is open to discussing trade settlement in currencies other than the US dollar.
  • The kingdom is seeking to strengthen relations with trade partners including China.
  • Saudi Arabia is investing heavily in Pakistan and providing support to vulnerable nations.
  • The country is discussing with the World Bank how to be more creative in providing support to Pakistan.
  • Saudi Arabia is exploring the possibility of increasing its $3 billion deposit to boost Pakistan's foreign-currency reserves.
Saudi Arabia Says Open to Settling Trade in Other Currencies
Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister.
BloombergAbeer Abu Omar

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