Saudi Arabia Said to Ban Betting Against Its Currency

  • Central bank said to give directive at Jan. 18 Riyadh meeting
  • Riyal forwards jump to highest in at least 2 decades in Jan.

Saudi Arabia Defends Its Currency Peg

Pressured by plunging oil prices and costly wars in the Middle East, Saudi Arabia moved to stamp out speculation that it might be forced to break the link between its currency and the dollar.

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