In the News
Currencies: How sustainable is the riyal/dollar peg?
14th January 2016
For 30 years, the Saudi riyal has been pegged in a fixed exchange rate system with the US dollar. But with oil prices dropping like a stone and edging below $30 a barrel, the export-dependent Saudi economy may not be able to sustain this currency peg for much longer.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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