The Open will consider paying prize money in U.S. dollars for the first time this year due to the weakened pound in the wake of last year's Brexit vote which saw the United Kingdom decide to leave the European Union.
Martin Slumbers, the chief executive of the R&A, told reporters this week that the exchange rate has put The Open at a disadvantage compared to the other three majors.
"It's something that hasn't escaped my attention," Slumbers said when talking to reporters following the announcement that Royal St. George's in Sandwich, England, had been awarded the 2020 Open.