You consider yourself as one of the biggest arbitrageurs in global financial system. From the screen on your computer terminal, you notice that Citi Bank is quoting bid price as $1.9324/ LYD and ask price as $1.9340/ LYD and Barclay is offering bid price as $0.2650/SAR and ask price as $0.2667/SAR. You learn that National Bank of Kuwait is offering direct market between Saudi Riyal and Libyan Dinar, with a current bid price as SAR 1.9405/LYD and ask price as SAR 1.9445/LYD. Assume you have $1,000,000 with which to conduct the arbitrage. Show (if possible) how you can conduct an arbitrage process. If there is arbitrage opportunity, what would be your total profit from arbitrage transactions?