Saudi Arabia 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.
Fears of dollar collapse as Saudis take fright - Telegraph
related: China threatens 'nuclear option' of dollar sales - Telegraph3 Dollar Collapse Scenarios
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