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Saudi to discuss revaluing riyal

The Shura Council will meet on Sunday with the finance minister and the central bank governor to disuss the revaluation of the riyal against the dollar.

  • Agencies
  • Published: 13:40 February 16, 2008
  • Gulf News

Riyadh: A Saudi Arabian council will discuss the revaluation of the riyal against the dollar, a newspaper reported on Saturday.

The Shura Council will meet on Sunday with the finance minister and the central bank governor, the Al Eqtisadiah reported.

The review of the riyal-dollar exchange rate of is a "necessity'', the paper quoted Osama Abu Gherara, deputy chairman of the Shura Council's finance committee, as saying.

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