You are here
Saudi central bank governor affirms riyal's dollar peg
From Reuters
via Yahoo News
Sunday, January 3, 2009
http://ph.news.yahoo.com/rtrs/20100102/tbs-saudi-dollar-955c2a1.html
RIYADH, Saudi Arabia -- Saudi Arabia does not need to change the U.S. dollar as a peg to its riyal currency, the central bank governor of OPEC's most influential member said in remarks published on Saturday.
"The current exchange regime has served the national economy in an excellent form over the past two decades," Muhammad al-Jasser, governor of the Saudi Arabian Monetary Agency, told al-Eqtisadiah newspaper in an interview.
"Nothing justifies operating a change in the foreign exchange regime, nor introducing adjustments to the exchange rate of the riyal versus the U.S. dollar based on the periodic fluctuations of the dollar's exchange rate in international markets," he added.
Saudi Arabia has been linking the riyal to the U.S. dollar since 1986.
* * *
Join GATA here:
Vancouver Resource Investment Conference
Sunday and Monday, January 17 and 18, 2010
Hyatt and Fairmont Conference Hotels
Vancouver, British Columbia, Canada
http://www.cambridgeconferences.com/index.php/vancouver-resource-investm...
Registration discount code: "GATA"
Phoenix Resource Investment Conference
Thursday and Friday, February 4 and 5, 2010
Renaissance Glendale Hotel and Spa
Glendale, Arizona
http://www.cambridgeconferences.com/index.php/phoenix-resource-investmen...
Registration discount code: "GATA"
* * *
Support GATA by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://www.cartserver.com/sc/cart.cgi
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
http://www.gata.org/node/16
