Saudi considering China’s yuan for oil purchases
Saudi Arabia and China have been growing closer for years, and the news comes at a time of frustration among Gulf states with the US.
![China currency](/sites/default/files/styles/article_hero_medium/public/2022-03/GettyImages-503726310.jpg?h=1d34674f&itok=NdjrnVz7)
Saudi Arabia is reportedly considering accepting China’s currency for some oil purchases.
The Wall Street Journal reported today that Saudi Arabia and China are in “active talks” to price some Saudi oil sales to the People’s Republic in yuan instead of the US dollar.