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Wednesday, December 14, 2022

Saudi Arabia views on accepting the Yuan instead of the U.S. Dollarnote

During his visit to Riyadh last week, Chinese President Xi Jinping was keen to reiterate his position on making full use of oil and gas contracts on the Shanghai Stock Exchange using the Chinese Yuan currency.

Several discussions were held during and on the sidelines of the Saudi-Chinese Summit regarding the subject, with Saudi Crown Prince Mohammad Bin Salman Bin Abdulaziz and his brother Minister of Energy Prince Abdulaziz sharing their views on the matter.

Tactical Report has prepared a 336-word report to shed more light on the Saudi view on accepting the Yuan instead of the U.S. Dollar in oil and gas transactions. 


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