China and Saudi Arabia sign a $7 billion currency swap agreement, adding to de-dollarization push

AlexSava/Getty Images China and Saudi Arabia signed a currency swap agreement worth around $7 billion. It's yet another push towards dedollarization as countries attempt to wean off use of the greenback. China's outstanding balance of forex swap lines hit a record 117.1 billion yuan, Bloomberg…#saudiarabia #wean #saudi #rbc #jpmorgan #argentina #beijing #peru #malaysia
Source: Reuters: Health - Category: Consumer Health News Source Type: news