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Saudi Central Bank: Report on Replacing Dollar is Wrong - ASHARQ AL-AWSAT English Archive
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ISTANBUL (Reuters) – A newspaper report that Gulf Arab states are in secret talks to replace the U.S. dollar in the trading of oil is wrong, Saudi Arabia’s central bank chief said on Tuesday.

Asked by reporters about the story in Britain’s The Independent, Muhammad al-Jasser said: “Absolutely incorrect.”

Asked whether Saudi Arabia was in such talks, he replied: “Absolutely not.”

Asked whether Saudi Arabia was committed to the dollar, he said: “You asked the question, I answered it. You asked about the story.”

The Independent quoted unidentified sources as saying Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in the trading of oil.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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