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Largest Saudi State Bank Urges Dropping Dollar Peg
 
Published by kidmercuryblog
01-14-2008

Largest Saudi State Bank Urges Dropping Dollar Peg

Uh oh.....when countries start dropping the dollar is when we'll start seeing a big sell off, which is what will destroy the value of the dollar, perhaps too quickly. (See our previous coverage of this). Saudi Arabia is a wealthy country, which makes this even more interesting, and influential to other countries. -- KM

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Saudi Arabia's largest state bank has urged the government to consider altering the riyal's peg to the US dollar.

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us dollar, us collapse, saudi arabia, us economy, usd

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