Saudi Arabia Banning Short Selling Against the Currency Peg

Saudi Arabia Flag

Saudi Arabia has banned financial products that amount to a short position against the riyal. The measure indicates the high degree of attack that the peg is starting to come. The government has announced a wave of layoffs in the public sector. This is an absolute first. The Middle East was considered beyond economics because of oil. Everything is changing.

We will see the same situation with respect to the euro. If Britain does not leave the EU, it will stand in silence and its financial standing in the world will collapse. Brussels will adopt the same type of policies and just make it illegal to disagree with them.

Latest Posts

Market Talk – May 15, 2025

  ASIA:   The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 372.62 points or -0.98% to 37,755.51 • Shanghai decreased 23.13 points or -0.68% [...]
Read more

European War is Inevitable

QUESTION: Well, here we are at the 15th, right on schedule. Your model turns up, and it looks like no deal. Would you care to comment? Uri ANSWER: Putin said [...]
Read more