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market
The Riyal Peg Just Had Its Hardest Year. It Held.
The riyal has traded at 3.75 to the dollar since June 1986. Through a regional war, two closures of the Strait of Hormuz and a 4.8% GDP contraction, one-year forwards on 30 July 2026 priced 80 points — a fraction of the 2016 stress. This is what the market, the reserves and the arithmetic actually say.
programmatic
Interest Rate in Saudi Arabia
Guide to Saudi Arabia's interest rate policy, SAMA repo rates, the link to the US Federal Reserve through the Riyal-dollar peg, and implications for borrowers and investors.