Comments on: Krismon http://amellie.net/2008/02/krismon/ an endless story of my personal life Thu, 28 Aug 2008 18:06:05 +0000 http://wordpress.org/?v=2.1.3 By: John Orford http://amellie.net/2008/02/krismon/#comment-14717 John Orford Sat, 23 Feb 2008 20:07:24 +0000 http://amellie.net/2008/02/krismon/#comment-14717 isn't it because the saudi currency is linked to the dollar? the US is going thru kinda bad times which means that the interest rate is low there, which doesn't suit arabic countries (cos they are doing pretty well). with low interest rate and relatively buoyant economies you'll get inflation... lots of inflation, and that ain't good... anyways, enough economics lesson, best of luck to your dad's biz! isn’t it because the saudi currency is linked to the dollar?

the US is going thru kinda bad times which means that the interest rate is low there, which doesn’t suit arabic countries (cos they are doing pretty well).

with low interest rate and relatively buoyant economies you’ll get inflation… lots of inflation, and that ain’t good…

anyways, enough economics lesson, best of luck to your dad’s biz!

]]> By: amellie http://amellie.net/2008/02/krismon/#comment-14730 amellie Mon, 25 Feb 2008 21:59:44 +0000 http://amellie.net/2008/02/krismon/#comment-14730 <b>John Orford:</b> Yes, that's true. The Saudi government recently discussed about the possibility of revaluing the Riyals (not to be dependent on US dollar anymore), but they decided not to do that and stayed with the current situation. Thanks for visiting my blog! :) John Orford: Yes, that’s true. The Saudi government recently discussed about the possibility of revaluing the Riyals (not to be dependent on US dollar anymore), but they decided not to do that and stayed with the current situation.

Thanks for visiting my blog! :)

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