Robert Fisk on the Gulf 'ditching the dollar' in oil trade

Gulf states have held secret talks with Russia, China, Japan and France to replace the US dollar with a basket of currencies in the trade of oil, the UK's Independent newspaper says.

The report by Robert Fisk, the newspaper's Middle East correspondent, was published on Tuesday and cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong.

Al Jazeera has this exclusive interview with Robert Fisk and Steven King, chief economist from the HSBC Group.

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