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Hamad Al-Sayari will – if necessary – be as tough with the Ministry of Finance as he has been with the speculators who have tried to bully Sama into devaluation several times in the past 20 years |
THE PAST 20 years in Saudi Arabia’s history have been eventful: the dramas of the Gulf wars, including the threat that Iraq would invade the kingdom; the economy going from surplus to deficit and back again as oil prices have moved dramatically; very good and very bad times for the business and financial sector; periods of high and low inflation; and attempts by speculators to devalue the Saudi Riyal.
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