Saudi riyal falls
By Reuters
October 16, 2018
DUBAI: Saudi Arabia´s currency fell to its lowest level in two years and its international bond prices slipped on Monday over fears that foreign investment inflows could shrink as Riyadh faces pressure over the disappearance of journalist Jamal Khashoggi.
The riyal was quoted at 3.7524 to the U.S. dollar in the spot market early on Monday, its weakest rate since September 2016, Refinitiv data showed. The central bank maintains a peg of 3.75 riyals to the dollar, and usually the currency fluctuates in a range of about 3.7498-3.7503.
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