Riyadh – Mubasher: Saudi Arabia would stick to the linkage of the Saudi riyal with the US dollar, the Saudi Arabian Monetary Authority’s (SAMA) governor said.
"The peg exchange rate has served us very well and continues to serve us, so we will stick to it," Ahmed Al-Kholifey stated, according to Reuters.
SAMA is satisfied with the Kingdom’s level of banking services and their development but not content with the credit volume provided by banks to small- and medium-sized enterprises (SMEs), which accounts for about 2% of total.
