“The inflation in the economy is primarily caused by a peg to the ailing US Dollar.The repercussions from the dollar peg created an all time record of inflation rate in January, only to be exceed by the latest inflationary reports for February. At the moment the Saudi inflation rate is the highest in 25 years. Pressure on the Gulf countries to revalue their currencies against the US Dollar are mounting.” Read More
If the gulf states drops the dollar it will greatly move our currency into a worse situation then its current state. What does it tell us about its future?