nnWhile Saudi Arabia seeks to diversify its economy, the Saudi economy is dominated by the petroleum sector. In addition, the Saudi Arabian Riyal (SAR) is pegged to the U.S. Dollar.nnIn a critical essay, indicate the main considerations Saudi Arabia faces from a currency perspective (e.g., currency values, interest rates, inflation, and trade issues) that ensue given two scenarios:n

n
• The first scenario is a dramatically declining world oil price.

n

• The second scenario is a dramatically increasing world oil price.

n

• Analyze the results you expect from each scenario.

n

n

n
• The essay is required to be five pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.

n

n

n
• Follow APA style

n

• Write an essay that includes an introduction paragraph, the essay’s body, and a conclusion paragraph.

n

• 4 to 5 references are enough

n

• Please use this references as you can:

n

n

n
1. Chapter 12 in International Economics

n

2. Duran, H. E. (2016). International Journal of Economics and Financial Issues, 6(2), 442-449.

n

n