Middle-east Arab News Opinion | Asharq Al-awsat

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The Saudi central bank has reiterated its ongoing commitment to the riyal’s exchange rate policy.
(AFP)

Leaning on a Strong Credit Profile, Saudi Arabia Fixes Riyal Exchange Rates

by Shuja Al-Baqmi | Aug 13, 2016 | Business

Riyadh- Saudi Arabia confirmed its commitment to keeping the riyal pegged to the U.S. dollar to support its fixed exchange rate policy, according to an official statement issued on Friday. The current exchange rate is fixed at SAR3.75 for each one dollar, as to...

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A picture taken on September 30, 2012 shows an Iranian woman paying with a 20000 rial banknote, bearing a portrait of Iran’s late founder of islamic Republic Ayatollah Ruhollah Khomeini, to a grocer in the Iranian capital Tehran. (AFP Photo/Atta Kenare)

Iranian rial rises against dollar on back of Obama–Rouhani phone call

by Asharq Al-Awsat | Oct 8, 2013 | Business

London, Asharq Al-Alwsat—Iran’s turbulent currency market has reacted cautiously but positively to Iranian president Hassan Rouhani’s recent visit to New York and his telephone conversation with his American counterpart, US president Barack Obama. Domestic media...

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In this photo released by the official website of the office of Iranian President-elect Hasan Rouhani, Rouhani speaks in a conference in Tehran, Iran, Saturday, June 29, 2013 (AP Photo/Office of the President-elect, Hojjat Sepahvand)

Rouhani election boosts Iranian currency

by Asharq Al-Awsat | Jul 1, 2013 | Middle East

London, Asharq Al-Awsat—The Iranian rial has experienced a surge in value against foreign currencies in the wake of the election of Hassan Rouhani, while economists have criticized outgoing president Ahmadinejad’s final budget. Prior to the presidential election, held...