Saudi Devaluation Bets Show Foreign Banks More Wary Than Locals

  • Onshore, offshore divide for riyal options widest in 4 months
  • Plan to pay contractors with IOUs stokes investor caution

Riyal Dollar Peg Is Under Review

Contracts used to bet on a devaluation of Saudi Arabia’s currency are diverging between local and international banks, as global lenders become less willing to trade with those in the kingdom.

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