The (Saudi-) Empire strikes back …
Saudi Arabia, long time the most quiet and most conservative investor starts to move
State bank official was quoted yesterday, that they have to get rid of the Dollar PEG and to invest money through a SWF.
It is said, that it will the biggest SWF on the planet, even dwarfing ABU Dhabi’s 870bln$ in size.
One more buyer at the front door?
And in the case, that they really get rid of their Dollar peg, most of Arabian nations will follow suit!
Tags: Dollar, Saudi Arabia, SWF
