PoliticsEconomy / Finance

Saudis Consider Accepting Yuan Instead of Dollars for Chinese Oil Sales

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In a move that would lessen the U.S. dollar’s dominance of the global petroleum market, Saudi Arabia is talking with China about pricing oil sales to Beijing in yuan, The Wall Street Journal reported.

The move, which WSJ learned from people familiar with the situation, would mark another shift by the world’s top crude exporter toward Asia.

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