Saudi Arabia Said to Ban Products Betting Against Riyal Peg

  • Regulator said to halt some structured forward contracts
  • Ban follows one in January to stop options transactions

Saudi Said to Move on Riyal Peg Bets

Saudi Arabia ordered banks in the kingdom to stop selling some products that allow speculators to bet against its currency peg just days after demanding information from lenders on the offerings, according to people with knowledge of the matter

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