16/11/2007

Saudi Arabia

Well the dollar crises goes on as Saudi Arabia, the world's largest crude oil exporter come out in defense of the dollar as it rejected a proposal by Iran and Venezuela to discuss the weak dollar at this weekend's OPEC summit in Riyadh, saying it didn't want the U.S. currency to ``collapse.''
Saudi Arabia won't discuss pricing oil in currencies other than the dollar, Saudi Foreign Minister Prince Saud Al-Faisal said, this news was accidentally broadcast to journalists during the meeting of oil and finance ministers today.

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