Essential Geopolitics: The Saudi Arabia Currency Peg
MIN READJun 9, 2020 | 09:15 GMT
In this Essential Geopolitics podcast from Stratfor, a RANE company, Emily Donahue speaks with Stratfor's Director, Global Energy and Middle East, Greg Priddy about the Saudi currency peg. As Priddy writes in his Stratfor Worldview article on the topic, "The current collapse in crude prices is again fueling questions over the durability of the hard U.S. dollar currency peg used by Saudi Arabia. Despite the economic shock of the COVID-19 pandemic, the peg is likely to survive in the near term. But structural changes in both the global oil market and the Saudi economy means Riyadh will likely devalue its currency at some point in the next five years."
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