Word: petrowealth
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Dates: during 1981-1981
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...such petrowealth power play would, of course, be dangerous for world political as well as financial stability, and so far the Saudis show no sign of undertaking it. That is to be expected. As the holder of more dollars than it knows what to do with, the Saudi Arabian Monetary Agency stands to gain much by caution and prudence, and to risk everything by impulsive actions that upset the world's finances. With enormous wealth comes large responsibility, and SAMA seems up to the challenge. -By Charles Alexander. Reported by Gisela Bolte/Washington and Adam Zagorin/Beirut
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