Saudi Arabia Said to Probe Bank Currency Trades

The transcript discusses the challenges faced by countries with pegged currencies, focusing on China and Saudi Arabia. It highlights the capital outflows from China and the pressure on Saudi Arabia's currency peg. The role of central banks in using monetary policy and capital controls to manage speculation is examined. Saudi Arabia's financial strategies, including bond issuance and managing reserves, are explored in the context of falling oil prices and budget deficits.

What actions has the Saudi Arabian Monetary Agency taken in response to currency trades?

What implications does the issuance of bonds by Saudi Arabia have on their economic situation?