ALULA — Saudi Central Financial institution (SAMA) Governor Ayman Al-Sayari affirmed that sustaining the peg of the Saudi riyal to the US greenback—supported by substantial overseas change reserves—has contributed to preserving home worth stability.
“The typical annual inflation within the Kingdom has remained beneath 3 % over the previous 5 years,” he stated whereas attending a panel session titled “Implications of world uncertainty for the worldwide financial and monetary methods” on the AlUla Convention for Rising Market Economies 2026 in AlUla on Monday.
Al-Sayari stated that rising world uncertainty has change into a structural fairly than cyclical phenomenon, pushed by geopolitical fragmentation, speedy technological transformations, commodity worth volatility, and the enlargement of non-bank monetary intermediation, whose property now exceed 50 % of complete world monetary property. He famous that geopolitical tensions, commerce fragmentation, and elevated debt ranges are among the many most distinguished and impactful challenges dealing with policymakers in rising market economies.
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Al-Sayari said that Saudi Arabia’s expertise underscores the significance of sustaining ample reserves and well-integrated financial and monetary coverage frameworks to safeguard financial and monetary stability. “To boost efficient cross-border cooperation, policymakers ought to prioritize bettering the standard of data-driven supervisory reporting, reinforcing unified requirements, guaranteeing interoperability when prudently adopting rising applied sciences, and accelerating the change of information and experience amongst regulatory authorities,” he stated.
The convention is hosted in partnership between the Ministry of Finance and the Worldwide Financial Fund, with high-level participation from financial decision-makers, finance ministers, central financial institution governors, leaders of worldwide monetary establishments, and a bunch of world consultants and specialists.
