Saudi riyal to china - Saudis Mull Ditching US Dollar for China's Yuan in Oil Sales

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An economist explains why Saudi Arabia and China are looking to ditch the dollar in a new oil deal — and where Beijing could target next as it spreads yuan adoption

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Saudi Arabia Considers Ditching The Dollar For Chinese Oil Sales

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Convert Chinese Yuan Renminbi (CNY) and Saudi Arabian Riyals (SAR): Currency Exchange Rate Conversion Calculator

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An economist explains why Saudi Arabia and China are looking to ditch the dollar in a new oil deal — and where Beijing could target next as it spreads yuan adoption

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Aramco health adds spice to Saudi’s yuan dilemma

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China Allows Direct Trading Between Yuan and U.A.E. Dirham, Saudi Riyal

Just recently, the Biden administration transferred a significant number of Patriot missiles to Saudi Arabia after urgent resupplies were requested.

  • One reason Saudi Arabia is considering an oil deal in yuan is because it would create exposure to a currency other than the dollar, and affords the country a yuan-based hedge.

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