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China And Saudi Arabia Ink $7B Currency Swap Deal Amid Global De-Dollarization Trend
Tuesday, November 21, 2023 - 4:12am | 496China and Saudi Arabia have agreed on a currency swap deal worth approximately $7 billion. This agreement signifies another move in the worldwide trend of de-dollarization, as nations shift from the US dollar. The three-year deal allows for a maximum of 50 billion yuan or 26 billion riyals,...