Browse related articlesSaudi says dollar is 'good buy'
Saudi Arabia: Thursday, March 13 - 2008 at 09:46
The governor of the Saudi Arabian Monetary Authority said the US dollar, which has fallen to a record low against the euro, is undervalued and a 'good buy', reported Bloomberg. He also said there are 'no impediments' to the use of the euro as a reserve currency and it will become more attractive as it increases in liquidity. But the kingdom has no plans to start selling oil in euros and any such decision would be made by the oil ministry, he added.
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Jeff Florian, Senior ReporterThursday, March 13 - 2008 at 09:46 UAE local time (GMT+4)
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