Saudi Arabia plays down riyal peg fears - FT.com

Saudi Arabia plays down riyal peg fears - FT.com:

"Saudi Arabia sought to cool talk about the future of its currency peg, saying movements in the forward market were the result of market “misperception” about the state of the kingdom’s economy.
Oil price declines and rising tensions between Saudi Arabia and Iran have pushed up the cost of riyal-dollar forward prices and questioned the validity of the 30-year-old peg."



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