| Investors are betting the kingdom's dollar peg will soon collapse, but oil giant should deploy the full force of firepower to protect riyal, say World Bank. Saudi Arabia should use its massive foreign exchange reserves to defend the riyal, amid fears the world is descending into a new phase of global currency wars, the World Bank has said.
The kingdom’s shaky currency peg with the dollar has come under record pressure this week as the price of oil has plummeted to near 12-year lows at $32-a-barrel...............................................Full Article: Source
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