Google+ Followers

Wednesday, 16 November 2016

Prince Alwaleed Sees Saudi Currency Depeg as ‘Last Resort’ - Bloomberg

Prince Alwaleed Sees Saudi Currency Depeg as ‘Last Resort’ - Bloomberg:
"Saudi billionaire Prince Alwaleed Bin Talal raised the possibility that the kingdom may need to depeg its currency in the future as the country undergoes unprecedented social, political and financial change.
“As a last resort maybe sometime two, three years down the line it’s a possibility,” Alwaleed, speaking in an interview with Bloomberg TV, said of a potential change to the riyal’s fixed valuation against the dollar. “Meanwhile it should stay where it is right now. There are so many things happening.”"

'via Blog this'