Fears of dollar collapse as
Saudis take fright

By Ambrose Evans-Pritchard,
International Business Editor

09/2007

Saudi Arabia has refused to cut interest rates in lockstep
with the US Federal Reserve for the first time, signalling that
the oil-rich Gulf kingdom is preparing to break the dollar
currency peg in a move that risks setting off a stampede out
of the dollar across the Middle East.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/19/bcnsaudi11
9.xml




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