Saudis to keep reserve management strategy, says Central Bank | GulfNews.com:
"Saudi Arabia’s central bank will keep its current strategy for managing the country’s foreign reserves, central bank governor Fahad Al Mubarak said on Tuesday, indicating a continued emphasis on US dollar assets.
The country’s net foreign assets, swelled by high oil prices, are currently worth about $730 billion, and have been growing at an annual rate of about 9 per cent.
The central bank is believed to have placed over half of that amount in conservative US dollar assets such as US Treasury bonds and bank accounts."
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