2006 News Story
 

05/11/2006
SAMA denies reports of an increase in the riyal’s exchange rate

The governor of the Saudi Arabian Monetary Agency, Hamad Al-Sayari, today refuted reports that there would be an increase in the exchange rate of the Saudi riyal. In a statement, Al-Sayari said that SAMA has no plans at the moment to take such a measure. “The exchange rate of the Saudi riyal is fixed,” he said.


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