Muhammad al-Jasser, Vice-Governor of the Saudi Arabian Monetary Agency, said it wouldn't forsake the U.S. dollar peg unless it fell 30 per cent, reported World Currency Watch. So if Saudi Arabia sticks to its word, then it won't be forsaking the U.S. dollar peg anytime soon, at least not of the coming two years.
http://www.ameinfo.com/144667.html
http://www.ameinfo.com/144667.html
2 comments:
There we go the good buddies of this administration sticking by no matter what.cough, cough
Never say never. Remember how Bush said the Saudis would help with the US oil problem and they didn't.
Look the dollar will drop more as the months show no growth. We keep spending with nothing coming in I see the Saudis pulling out just to make a point.
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