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Saudi drop the buck if it falls by 30%
- Saudi Arabia: Thursday, January 24 - 2008 at 08:39
Muhammad al-Jasser, Vice-Governor of the Saudi Arabian Monetary Agency, said it wouldn't forsake the U.S. dollar peg unless it fell 30 per cent, reported World Currency Watch. So if Saudi Arabia sticks to its word, then it won't be forsaking the U.S. dollar peg anytime soon, at least not of the coming two years.
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