Goldman Says Saudi Peg ‘Here to Stay,’ Though at Cost to Economy

Goldman Says Saudi Peg ‘Here to Stay,’ Though at Cost to Economy

Saudi Arabia tethers its currency to the dollar and tends to move in lockstep with the U.S. Federal Reserve. 

Photographer: Maya Anwar/Bloomberg









Photographer: Maya Anwar/Bloomberg





Follow us @middleeast for more news on the region.Saudi Arabia is sacrificing non-oil economic growth with fiscal policies designed to ensure its currency peg's stability during a period of low crude prices, according to Goldman Sachs Group Inc.