Bloomberg News

Saudi Arabia Has No Reason to Alter Currency Peg, Al-Jasser Says

October 08, 2011

Oct. 8 (Bloomberg) -- Saudi Arabia, the Arab world’s biggest economy, has no reason to change its policy of pegging the riyal to the dollar, the kingdom’s central bank Governor Muhammad al-Jasser told reporters in Riyadh today.

Inflation in Saudi Arabia is stable and set to drop, al- Jasser said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: C. Thompson at cthompson1@bloomberg.net


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