Dollar peg pushes Saudi inflation above official interest rates

Inflation in Saudi, which pegs its riyal to the dollar, rose to a 16-year high of 6.5 per cent in December, partly driven by a rise in global commodity prices and the declining US currency.

http://www.gulf-daily-news.com/Story.asp?Article=207044&Sn=BUSI&IssueID=30314

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This entry was posted on Styczeń 28, 2008 at 9:23 am and is filed under Pieniądze. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.