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Riyal at 21 year high
2007-09-22 - AME Info | Saudi Arabia | Latest News - Saudi Arabia's riyal hit a 21 year high against the US dollar on Thursday, as speculation it might ditch its peg to the greenback led to heavy buying, reported Reuters. A total of 3.74 riyals to the dollar was the highest level since December 1986 according to Reuters data. Analysts say if the 3.74 mark is breached then the kingdom's central bank will have allowed a revaluation of the riyal.  

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