VOL. XXXVII
NO. 2
11-OCTOBER-1993
Financial and Banking News
FINANCIAL POLICY
Speculation Continues Against Saudi Riyal
Currency speculators are continuing to sell the Saudi riyal in the hope ofreaping profits from a devaluation some time in the future. The speculationstarted in late August, following the publication of a series of articlesasserting that the Kingdom was facing serious economic problems. Selling reachedits peak on 5 October when the one-year forward rate for the Saudi riyal reached...
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