Brics Saudi Arabia To Sell Oil In Multiple Currencies

Last updated: June 10, 2025, 21:55

Brics Saudi Arabia To Sell Oil In Multiple Currencies

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Saudi Arabia To Sell Oil in Multiple Currencies - Cash Insight

The Kingdom is now free

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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

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

This allowed Saudi Arabia to

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 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

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BRICS: Saudi Arabia To Sell Oil in Multiple Currencies