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    Default GCC countries should stop pricing oil in dollars - economist

    GCC countries should stop pricing oil in dollars - economist

    The Dubai International Financial Centre (DIFC) Authority has recommended GCC countries should move away from pricing oil in dollars towards a basket of currencies that would include the Chinese yuan, Muscat Daily has reported. "Indeed, I am in favour of using the yuan for clearing and settling all GCC trade with China, who has become our biggest trade partner," Dr Nasser H Saidi, chief economist and head of external relations of DIFC, told the daily .

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