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Saudi Arabia: No need to change dollar FX regime
- Saudi Arabia: Sunday, January 03 - 2010 at 10:53
Muhammad al-Jasser, Governor of the Saudi Arabian Monetary Agency (Sama) has ruled out the need to change the US dollar as a peg to its riyal currency, Reuters has reported. "Nothing justifies operating a change in the foreign exchange regime nor introducing adjustments to the exchange rate of the riyal versus the US dollar based on the periodic fluctuations of the dollar's exchange rate in international markets," he said.
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StaffSunday, January 03 - 2010 at 10:53 UAE local time (GMT+4)
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