The Saudis See the Writing on the Wall

Macro Essays
DataDrivenInvestor
Published in
3 min readFeb 21, 2023

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Image Courtesy: POLITICO

One of the biggest news from Davos this January was the Saudi finance minister’s remarks to Bloomberg. In this interview, the Saudi finance minister said that the country is open to settling its trade with other currencies. In one interview, the Saudis killed the PetroDollar.

The minister mentioned in his interview that the Kingdom is open to settling transactions in Dollar, Euro, and Saudi…

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