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Currencies: How sustainable is the riyal/dollar peg?

Geoff Riley

14th January 2016

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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.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty 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 and Revision conferences in the UK and overseas.

@tutor2uGeoff

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