The kingdom threatens to abandon the dollar in its oil transactions



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Masar said the option of dropping the dollar in oil sales had been discussed by the kingdom by a number of Saudi energy officials in recent months.

He added that the kingdom had threatened to sell oil in currencies other than the dollar if Washington passed a law that would make OPEC member countries vulnerable to antitrust litigation.

The plan was the subject of discussions with OPEC members, said a source close to Saudi oil policy.

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