Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister.

The dollar continued its recent decline, losing 0.8% and falling nearly 10% over the past three months. Speculators have been betting against the dollar and in favor of gold lately, hoping for a reversal of 2022’s performances

In 2022, the U.S. dollar experienced a surge in value, demonstrating its potential to cause disruption in the international economy. Investors are hopeful that the dollar's strength has reached its peak.