Egypt, Saudi Arabia consider trade exchange in local currencies

Egypt and Saudi Arabia are discussing the possibility of using their local currencies as part of trade exchange in the near future, head of the Egyptian Commercial Service Yahya Al-Wathiq Billah told Asharq Business on Monday.

Al-Wathiq Billah added that Saudi Minister of Commerce has already submitted a proposal to discuss the possibility of paying a part of the trade exchange operations in local currencies.