Fri 15 May 2020:
(Reuters) – Saudi Arabian monetary agency (Sama) said on Thursday in a statement reported by state TV, it is still committed to local currency peg to the U.S. dollar, and that it serves the interest of economic growth and financial stability.
It added that foreign reserves cover 43 months of imports and the total reserves represent 88% of monetary Aggregate.
Photo: An employee counts Saudi Riyals bills at a money exchange office in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany – RC1951E142F0
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