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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
Saudi Riyal: Currency, USD Peg, and Monetary Policy Explained
Comprehensive guide to the Saudi Riyal currency, its USD peg, SAMA monetary policy, exchange rate stability, and implications for investors.