Ever since Muhammad bin Salman has emerged as the crown prince of Kingdom of Saudi Arabia, there has been a shift in the economy policy of the country. The policies have seen a shift towards progression and liberating economy. Kingdom of Saudi Arabia has always been reluctant and keen to push the oil export and production for economic gains. But Muhammad bin Salman is aiming towards pushing larger agendas forwards and diversifying the economic arena of the country. Saudi Arabia is branching out its economy and not restricting itself to oil trade, this will impact the overall economy of the country. Saudi Arabia’s plans are ambitious but there are few constraints that affect the economy of Saudi Arabia. One of the most important issues with the economy of Saudi Arabia is the exchange rate. The local Saudi Arabian currency Riyal is pegged to the US Dollar (Abed, 2017)

References of Background of Saudi Arabia’s Currency and the U.S Dollar (Analysis on Economy)

Abed, G. (2017). The Saudi riyal/dollar peg: time for a change? Retrieved November 15, 2018, from https://www.ft.com/content/37e30e30-4d13-39d0-bef9-2315c06d8eff