Gulf currency pegs: Oman, Bahrain seen as most under threat - FT.com:
"The dramatic slide in crude prices has led to a surge in speculation that Saudi Arabia, the world’s largest oil producer, could be forced to abandon the riyal’s 30-year-old peg to the US dollar.
The long-moribund riyal forwards market has sprung to life, with traders pricing in an exchange rate of SR3.85 to the dollar in 12-months, a near 3 per cent devaluation from the SR3.75 level that has, in essence, held since 1986. Nothing on this scale has been seen for almost 17 years."
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