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Saudi riyal's peg to US dollar to remain, SAMA's governor says
Saudi Press Agency Published in Saudi Press Agency on 20 - 12 - 2017

Governor of Saudi Arabian Monetary Authority (SAMA) Ahmad bin Abdulkarim Al-Khulaifi denied any intention to break the Saudi riyal's peg to the US dollar in the exchange rate.
The governor made the remarks at a press conference at the Saudi Press Agency (SPA).
He stressed that the currency linkage contributed to the Saudi economy and ensured monetary stability and established a strong reserve supporting the policy of exchange rate.
He indicated that the real exchange rate policy is one of the stabilizers of inflation, and that the current used exchange rate policy benefited the kingdom. He said, "Inflation is stable..."

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