BIS Says Oil Exporters Recycle More Petrodollars in Q3

Major oil exporters deposited a record $82 billion (47 billion pounds) with international banks in the third quarter of last year, maintaining the trend of recycling part of their oil revenues, the Bank for International Settlements said on Sunday…

Major oil exporting countries play an increasingly important role in the global financial market as their revenues have soared after last year’s sharp rise in oil prices and they invest billions of petrodollars in global assets.
Reuters UK