"The Saudi Arabian Monetary Authority has a message for anyone taking a punt on the kingdom binning its currency’s peg with the dollar: Don’t bother.
In a statement, SAMA’s governor says:
I would like to reiterate our official position that Saudi Arabian Monetary Agency will uphold its mandate of maintaining the peg at SAR 3.7500 per USD, backed up by the full range of monetary policy instruments including its foreign exchange reserves.
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