Will Oil Slump Cause Saudi Arabia to Abandon its Dollar Peg?

Discussion in 'Market News' started by Daily.Forex, Dec 30, 2015.

  1. Daily.Forex

    Daily.Forex Forum Member

    Sep 2, 2015
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    Saudi Arabia announced plans on Monday to reduce its state budget deficit cutting its spending cuts and introducing plans to raise revenues from sources other than oil. The decision comes on the heels of a dramatic drop in oil prices over the last 18 months that have hit its oil revenues hard.

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