2006 News Story

SAMA denies reports of an increase in the riyal’s exchange rate

The governor of the Saudi Arabian Monetary Agency, Hamad Al-Sayari, today refuted reports that there would be an increase in the exchange rate of the Saudi riyal. In a statement, Al-Sayari said that SAMA has no plans at the moment to take such a measure. “The exchange rate of the Saudi riyal is fixed,” he said.