For example, say you owe $200,000 on your original mortgage and $50,000 on a home equity loan, which you used for purchases unrelated to improving your home. You arrange a short sale on your house and get $190,000. You repay the lender for the original mortgage $180,000 and the home equity lender $10,000.
The riyal has been the currency of Saudi Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia was created. one of the primary currencies in the Mediterranean region during the Ottoman era.he Saudi riyal (Arabic: Ø±ÙØ§Ù riyÄl; ISO 4217 code: SAR) is the currency of Saudi Arabia. It is abbreviated as Ø±.Ø³ or SR (Saudi Riyal) .
In the short run, all oil exporting countries including Saudi Arabia are affected by the low oil prices. But Saudi Arabia benefits in the long run with estimated currency reserves of about $700 billion, allowing it to bear current low oil prices for a few more years. Low oil prices also give Saudi Arabia political power over other oil exporting countries that are its political rivals. For example, Saudi Arabia clashed with Russia and Iran over the Syrian conflict when the latter kept supporting Bashar al-Assad's regime against Saudi Arabia and its western coalition.