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
