Monetary policy
Saudi Arabia’s monetary policy is managed by the Saudi Arabian Monetary Authority (SAMA) and is based on its fixed exchange-rate policy.
The Saudi Riyal is pegged to the US Dollar, based on the pattern of Saudi Arabia’s external receipts and payments, which are predominantly in US Dollars.
The operational target of SAMA is to manage system liquidity through the repurchase window. The intermediate target of SAMA is the stability of the Riyal against the Dollar as the anchor and intervention currency.