Wednesday 29 June 2016
 
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Riyal

Saudi cbank 'bans use of options against riyal'

Saudi Arabia's central bank has told banks it is banning the use of options and other derivatives to speculate against the riyal, in a new effort to reduce pressure on its currency peg, a senior executive at a Saudi bank told Reuters on Sund

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Saudi cbank chief vows to keep currency peg

Saudi Arabian Monetary Agency (SAMA) Governor Fahad al-Mubarak said he was committed to maintaining monetary policy to keep the kingdom's decades-long currency peg of SR3.75 per dollar in comments published on the central bank website on Mon

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Sama chief blames 'unrealistic speculators'

Saudi Arabia's central bank governor said on Monday recent volatility on its currency in the forwards market is due to speculation based on unrealistic expectations. The Saudi riyal hit a record low on January 7, amid renewed

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Dollar/Saudi riyal forwards jump on Iraq conflict

The Saudi riyal fell sharply against the US dollar in the forwards market on Monday because of the conflict in Iraq, bankers and traders in Dubai said. One-year dollar/Saudi riyal forwards jumped as high as 50.50 points, their hig

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Saudi currency forwards at 1-month lows

Saudi Arabia's one-year currency forwards fell to a one-month low on Monday, indicating bets the riyal will strengthen against the dollar, after the king announced new social handouts and as unrest in Bahrain calmed. Saudi currency forward

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Qatar issues $2.8bn in local bonds

Qatar issued 10 billion riyals ($2.75 billion) in conventional and Islamic bonds with a 6.5 percent coupon to local banks on Tuesday, the Gulf's first domestic sovereign offering this year, a central bank source told Reuters. The eight-yea

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Qatar to launch $2.75bn worth riyal bond

Qatar will launch a 10 billion riyal ($2.75 billion), eight-year bond for local banks on Tuesday, a person familiar with the matter said on Monday.    The issue, Qatar's first local currency-denominated bond, is aimed a

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Qatari riyal to stay pegged to dollar for now

Qatar's riyal currency will stay pegged to the dollar for the time being, but all possibilities will be considered for the planned Gulf monetary union, Central Bank deputy governor Sheikh Fahad bin Faisal Al-Thani said on Thursday. The peg

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Saudi advisors may back riyal revaluation

A Saudi council that advises the king is likely to accept a recommendation to revalue the dollar-pegged riyal as a measure to fight inflation, although any decision rests with the monarch, one of the members said. An internal committee of

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Qatar riyal 30pc undervalued: PM

Qatar's dollar-pegged riyal is undervalued by as much as 30 percent and currency revaluation is being studied, among several options, to check inflation, Prime Minister Sheikh Hamad bin Jassim bin Jabr al-Thani said in an interview. Inflat

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