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Saudi riyal keeps dollar peg

 
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Kirk
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Joined: 01 Jan 1970
Posts: 2292
PostPosted: Sun Oct 28, 2007 5:10 am    Post subject: Saudi riyal keeps dollar peg Reply with quote
The Saudi riyal will remain pegged to the US dollar as GCC countries agreed to continue with the present exchange rate policy, according to the Saudi Arabian Monetary Agency (SAMA), and cited by Arab News. The statement ended speculation about that the riyal-dollar peg would be lifted due to growing inflation in KSA.

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