JEDDAH: Saudi Arabian Monetary Agency (SAMA) Governor Fahad Al-Mubarak said he is 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.

“I would like to assure that the monetary agency will continue to manage its monetary policies to achieve the goal of stabilizing the value of the riyal at the exchange rate of SR3.75 to the dollar,” the governor said in a speech published on the website.

The governor has previously also pledged to maintain the riyal’s dollar peg, unbroken since 1986.