Saudi Rhiyal and the Euro

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gonzruleGuest26 January 2015 12:33:10

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I've been reading news these past few days about the Greek election whether to stay in the Eurozone or not, and they have chosen to stay -for now. Will a collapse of a Euro have any significant effect on the Saudi Rhiyal or Saudi economy if oil is traded in US dollars and the values of SAR and U$ is somewhat pegged?

donkey100 Member

Member since 03 April 2014

donkey100Member26 January 2015 15:53:04

Good Question, it doesn't matter if Greece leaves the Euro, actually might be better if they do!!! Oil internationally is pegged to the US Dollar so no change, however it probably give the markets the jitters for a short while but that will pass quickly

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