The US Dollar is the unofficial world currency now as most countries have pegged their currencies to the US Dollar. However, things could change as more countries have started to abandon their peggies strategy.
Saudi Arabia, one of key US allies, has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East.
Link : Fears of dollar collapse as Saudis take fright
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