11-28-2022, 11:03 AM
Why would anyone hold USD instead of SR?
<!-- SC_OFF --><div class="md"><p>USD: Inflation: 7.7%, Interest: 4% SR (Saudi Riyal) is pegged to USD and has 4.5% interest and 3% inflation. </p> <p>I am aware that inflation and interest can change. I think Saudi Arabia has decent relations with all the major powers US, China, Russia so I think it’s a good bet. </p> <p>What do you all think?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/alpthelifter"> /u/alpthelifter </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/z6mlnt/why_would_anyone_hold_usd_instead_of_sr/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/z6mlnt/why_would_anyone_hold_usd_instead_of_sr/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>USD: Inflation: 7.7%, Interest: 4% SR (Saudi Riyal) is pegged to USD and has 4.5% interest and 3% inflation. </p> <p>I am aware that inflation and interest can change. I think Saudi Arabia has decent relations with all the major powers US, China, Russia so I think it’s a good bet. </p> <p>What do you all think?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/alpthelifter"> /u/alpthelifter </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/z6mlnt/why_would_anyone_hold_usd_instead_of_sr/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/z6mlnt/why_would_anyone_hold_usd_instead_of_sr/">[comments]</a></span>