Pricing contracts in dollars is one way to protect the riyal

Issue 11 - 05 Nov 1979
The recent IMF internal report on Saudi Arabia suggested that a clampdown on offshore trading in the riyal was imminent, as the Ministry of Finance became more worried about speculation in the currency. The move to price larger contracts in dollars should prove a more effective way of regaining control than irksome legislation or applying informal pressure on offenders.

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