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Saudi Authorities Panic - Ban Speculation On Riyal Devaluation Amid Banking Crisis
06-04-2016, 11:55 PM,
#1
Saudi Authorities Panic - Ban Speculation On Riyal Devaluation Amid Banking Crisis
Saudi Authorities Panic - Ban Speculation On Riyal Devaluation Amid Banking Crisis

<p>With Saudi Riyal forwards plunging back above 3.81, dramatically weaker than the current peg, Bloomberg reports that Saudi authorities are cracking down on currency traders as speculation mounts that the world’s biggest oil exporter won’t be able to maintain the riyal’s peg to the dollar as revenue plunges.</p>


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