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How is Saudi Arabia providing hard currency? UK has a central bank and a British Pound. Did you mean to say somehow Saudis are providing stability to £ by using
by richardknop 8y ago
How is Saudi Arabia providing hard currency? UK has a central bank and a British Pound. Did you mean to say somehow Saudis are providing stability to £ by using their $ from oil sales to prop it up? I don’t think that makes sense.
- sys_64738 8y agoWell, Saudi Arabia pays for the weapons in American dollars. It's not hard.
- richardknop 8y agoWhat percentage of GDP is arms sales to Saudi Arabia? You could then say USD is propped up by Saudis as well since they sell more arms to them than UK, much more actually.
- sys_64738 8y agoI think you need to go research what hard currency means. You’re all over the place with your response.