Prince Alwaleed bin Talal. - Reuters
NEW YORK: Saudi billionaire Prince Alwaleed Bin Talal raised the possibility that the kingdom may depeg its currency as the country undergoes unprecedented social, political and financial change.
“As a last resort maybe some time two, three years down the line it’s a possibility,” Alwaleed, speaking in an interview with Bloomberg TV, said of a potential change to the riyal’s fixed valuation against the dollar.
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