Under current market where bigest oil consumers are looking to deal in their own currency, If SAR leaves their constant 3.75 rate to let's said 3, you will se how expats will abandon the ship. I can't imagine better Saudization program.
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After SAIP, people that was committed to leave, quits and attrition is high, is a fact. So layoff are not expected, don't believe in rumors, most people is resigning in this days .
I love when a post starts with the trolls answers, they demonstrate their lack of knowledge to debate wisely, it is a shame they only proceed with the insults, the easy way. I hope they can read them, try to understand the truth below and enlighten themselves.
Given how Saudi Riyal is pegged to USD because of past agreement to sell hydrocarbon in USD, changing to Yuan, Euro or Rubles only endangers Saudi financial stability. It’s one thing to talk the talk but walking the talk is another matter.
Layoffs are ongoing in gas operations