Saudi Arabia Says Open to Settling Trade in Other Currencies

The commitment to sell oil in dollars only is waning. This is something to watch. The world still owes $ many trillions in dollar denominated debt, so there will still be a demand for dollar, but this is a news is very important.

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

Leave a Reply

%d bloggers like this: