Posts Tagged ‘Saudi riyal’

Riyadh / follow-up JD / .. newspaper (economic) Electronic Arabia a report seen by agency / JD / that some dealers shops in the markets of Mecca and Medina refrained from dealing with the currencies of Arab countries witnessed revolutions Arab spring, and the fear of collapse or falling the exchange rate of those currencies that exposes them to huge losses, noting that traders sensed a problem”

and the Iraqi dinar””” Lebanese lira previous experience problems seen its currency plunged. The newspaper pointed out: traders and owners of these shops, they began to refuse to deal in these currencies after a year to some of the revolutions in those Arab countries where political problems were reflected on its economy and security of making the shop owners and traders fear the circulation because of the falling exchange rate of sudden, and in a moment’s fear of exposure to the loss of double , (more…)

  • الأسواق العالمية تنتظرها خسائر قياسيةConfirmed that the global economy threatened to collapse .. And the dollar is no longer a safe haven
  • Experts call quickly revalue the riyal and the diversification of Saudi investments

August 7, 2011

World markets await record losses
Saudi economists emphasized that the world lost a dollar as a safe haven assuring dealt with over the decades as well as gold in the event of any economic turmoil, and after agencies cut credit ratings mark the public debt of the United States yesterday.

Economists said that the positive results achieved by the Saudi riyal and the national economy over the decades by its association with the dollar is no longer available today, calling for the rapid re-evaluation of the riyal exchange rate, and proceed immediately in the distribution of Saudi investments in more than a basket rather than in one basket is a basket of America “worn”.

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