Riyadh — Saudi Arabia Monday denied a Reuters report that it may look to sell oil in currencies other than the dollar.
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Saudi energy minister, Khalid al-Falih said the report was "absolutely not" true.
"There is no change whatsoever to our long-standing policy," Falih told journalists on the sidelines of the Gulf Intelligence Energy Forum in Riyadh.
Saudi Arabia has been trading its oil in dollars for decades.
"The ministry reaffirms the kingdom's commitment to its role as a stabilizing force of energy markets, and its desire not to risk such a key policy priority through a fundamental change to the financial terms of oil trading relationships around the world," the ministry said in a statement issued later.
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