VOL. XXXVII
NO. 7
15-NOVEMBER-1993
Financial and Banking News
Currency Movements
Official Denials Of Saudi Devaluation Fail To Prevent ContinuedSpeculation
A strong statement from Mr. Hamad al-Sayyari, the Governor of the SaudiArabian Monetary Agency (SAMA), ruling out any devaluation of the Saudi riyalfailed to prevent renewed selling of the currency on Thursday 11 November.Increased activity before the weekend originated, as usual, with dealers outsidethe Kingdom and appeared to have been...
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