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

            There is a close relation of local exports on the economy and inflation. The Saudi Arabia has very less control over its monetary policy and has to depend on fiscal policy to facilitate growth. The pegged currency and oil produce affect the economy many folds. The currency values are affected by the dollar reserves and the value of dollar itself. Saudi Arabia is going towards a multidimensional economy for growth purposes. High oil production with high prices is beneficial for the economy and when there is low production in high prices day it still benefits the economy by and large. Crown Prince Muhammad bin Salman’s vision is not to be dependent on just oil trade for monetary gains is a game changer and has made Saudi Arabia emerge as growing economy. This means there will investment in the country and Saudi Arabia can break free with the pegged currency as the investments will bring stability to the country.