Friday, April 05, 2019 4:28:41 AM
ALSO ON RT.COM
Last nail in petrodollar coffin? Gazprom could help Russia shift away from greenback
The Saudi riyal is pegged to the dollar, and the kingdom has nearly $1 trillion invested in the US, investments it has also mulled liquidating should NOPEC pass, according to the Saudi sources cited by Reuters. Saudi Aramco is the world’s largest oil exporter, with sales of $356 billion in 2018, and trading in oil derivatives is also largely dollar-denominated, with trade volume reaching $5 trillion on the top two global energy exchanges last year.
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