Saudi Arabia: Central Bank Committed To Riyal-US Dollar Peg

Saudi Arabia: Central Bank Committed To Riyal-US Dollar Peg

Eurasia Review

Published

The Saudi Arabia’s central bank on Monday affirmed its commitment to the exchange rate policy of pegging the Saudi riyal to the US dollar.

The Saudi Arabian Monetary Authority (SAMA) said the currency peg was a strategic option that contributed to the growth of the Kingdom’s economy for more than 30 years.

“SAMA...

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