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Declining the world oil prices of Saudi Arabia’s Currency and the U.S. Dollar

Category: International Banking Paper Type: Report Writing Reference: CHICAGO Words: 200

            In the Middle East the lower oil pricing is becoming the cause of the financial disasters for the oil producers at largest scales. For recovering the financial outlook of the Saudi Arabia there are many research studies published for discussing these scenarios. If the process of the oils would be higher than it seems like to be problems of the Kingdom’s can be started. The foreign currencies of the Saudi Arabia have been liquidating in order to making up the oil revenues are failing. The reserves of the foreign currency are liquidating by Saudi Arabia at the good prices along the past two years. 27% reserves of the foreign currency are liquidating by Saudi Arabia due to declining the oil prices. The reserves of the foreign currency are $797 billion had been held by the Saudi Arabia at its peak time. The graphical representation is given below (SRSROCCO 2017).


Source= https://srsroccoreport.com/bankrupting-opec-one-million-barrels-of-oil-at-a-time/

References of  the world oil prices of Saudi Arabia’s Currency and the U.S. Dollar

SRSROCCO. 2017. Low Oil Prices Continue To Decimate Saudi Arabia’s Currency Reserves. IN ECONOMY, ENERGY, NEWS.

 

 

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