Saudi Arabia’s forex (FX) reserves are “very adequate”, said Ahmed Alkholifey, governor of the Saudi Arabian Monetary Authority (SAMA), the Kingdom’s central bank.

 

“We will not allow speculations on the Saudi riyal,” Alkholifey added, noting that the Kingdom is not planning to change its exchange policy.

 

FX reserves exceeded $500 billion in the first ten months of 2018.

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