VOL. XXXI
NO. 17
1-FEBRUARY-1988
Financial and Banking News
REGIONAL BANKING
SAMA's Governor Rules Out Riyal Devaluation
The Governor of the Saudi Arabian Monetary Agency (SAMA), Mr. Hamad al-Sayari,has ruled out a devaluation of the Saudi riyal amid persistent market rumorsthat such a move was imminent. In a short statement issued on 23 January by theSaudi Press Agency (SPA), Mr. Sayari said "there is no truth in recentrumors of a possible change in the parity of the riyal, and our exchange rate...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!