Originally posted to the Reuters website, 14 May 2020
CAIRO (Reuters) – Saudi Arabian monetary agency (Sama) said on Thursday in a statement reported by state TV, it is still committed to local currency peg to the U.S. dollar, and that it serves the interest of economic growth and financial stability.
It added that foreign reserves cover 43 months of imports and the total reserves represent 88% of monetary Aggregate.
Link to the original post : https://www.reuters.com/article/us-saudi-economy-currency/saudi-central-bank-says-committed-to-local-currency-peg-to-u-s-dollar-idUSKBN22Q32T
