At least somebody is trying to keep the dollar from falling

This from Bloomberg….

Saudi Arabia, the world’s largest crude oil exporter, 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, speaking at a meeting of oil and finance ministers today that was accidentally broadcast to journalists.

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