S DEBANKING STORY

Last updated: June 16, 2025, 11:33  |  Written by: Chris Larsen

S Debanking Story
S Debanking Story

This Allowed Saudi Arabia To

The Kingdom is now free to sell oil in local currencies like the Chinese yuan, Japanese yen, and Indian rupee. The BRICS bloc will be the first to benefit if Saudi Arabia

BRICS: What Happens if Saudi Arabia Ditches US Dollar

This allowed Saudi Arabia to settle oil payments in the U.S. dollar and not local currencies for over five decades. The Kingdom is now free to sell oil in local currencies

Saudi Arabia Has Decided Not

BRICS challenges US 'dollar dominance', Saudi

Saudi Arabia has decided not to renew its 80-year petro-dollar deal with the United States. Now Saudis can sell oil and other goods in multiple currencies, including the

Dollar Dominance at Risk If Saudi Ends Exclusive Deal

Saudi Arabia Has Held Off

Saudi Arabia has held off formally joining the BRICS bloc of nations despite attending a meeting in Brazil last week, two sources said, finessing an issue that could upset

Saudi Arabia sits on fence over BRICS with eye on vital ties with US

BRICS: Saudi Arabia To Sell Oil in Multiple Currencies

Russia and Saudi Arabia Herald A Decline In Dollar Dominance

Saudi Arabia To Sell Oil in Multiple Currencies - Cash Insight

Saudi Arabia Ditches US Dollar, Will Trade Oil In Yuan

Chris Larsen can be reached at [email protected].

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