2004 News Story

SAMA Governor confirms strength of Saudi Riyal

Governor of the Saudi Arabian Monetary Agency (SAMA) Hamad Al-Sayyari has declared that the Saudi Riyal is stable, despite the continued fall of the U.S. dollar. This, he said, has no effect on the actual value of the Riyal or on the Kingdom’s rate of inflation; and only a limited effect on commodity prices in Saudi markets, impacting on goods priced in other currencies.