@Article{pakinsight,
AUTHOR = {},
TITLE = {Investigating the Possibility of Changing the Saudi Arabian Riyal Exchange Rate Regime},
JOURNAL = {Humanities and Social Sciences Letters},
VOLUME = {8},
YEAR = {2020},
NUMBER = {1},
PAGES = {46-61},
URL = {http://www.pakinsight.com/archive/73/03-2020/1},
ISSN = {2312-4318},
ABSTRACT = {This study examined the determinants of the Saudi riyal real effective exchange rate (REER) and the possibility of changing Saudi Arabia’s exchange rate regime from pegged to floating. A regression model was used to investigate the impact of Saudi Arabia’s total reserves, cost of living, money supply, non-oil exports, interbank lending rate, and crude oil production on the REER. The results revealed crude oil production as the only significant determinant: a 10% increase in production will reduce the rate by 1.32%. Although Saudi Arabia is cannot yet change its exchange rate regime, the goals of Vision 2030 are achieved and Saudi Arabia is no longer an oil-dependent economy, a change may be possible.  },
DOI = {10.18488/journal.73.2020.81.46.61}
}