ForeXistenZ › Central banks › SAMA
Saudi Central Bank (SAMA)
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Keeps the riyal pegged to the dollar — the foundation of oil priced in dollars.
How the SAMA moves the SAR
A central bank sets the interest rate on its currency. Traders compare that rate with the rates of other central banks; the wider the gap, the stronger the pull of money towards the higher-yielding currency. That is why the minutes before a SAMA decision are among the most volatile of the month for the SAR. Book I and Book II of the ForeXistenZ trilogy show how to prepare for these days — and when to stay out.
Frequently asked
What does the Saudi Central Bank do?
Keeps the riyal pegged to the dollar — the foundation of oil priced in dollars.
Where is the Saudi Central Bank?
The Saudi Central Bank (SAMA) is in Riyadh, Saudi Arabia.
Why do forex traders watch the SAMA?
Interest rates are the price of a currency. When the SAMA raises or cuts rates — or only hints at it — money moves into or out of the SAR, and SAR reacts within seconds.
Where are the SAMA’s decisions published?
Official decisions, statements and the meeting calendar are published on https://www.sama.gov.sa.
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Other central banks
CBUAECentral Bank of the UAE
Abu Dhabi, United Arab Emirates — Holds the dirham’s peg to the dollar.
BOIBank of Israel
Jerusalem, Israel — Manages the shekel.
CBRTCentral Bank of the Republic of Türkiye
Ankara, Türkiye — Fights for the lira — a lesson in what inflation does to a currency.
RBIReserve Bank of India
Mumbai, India — Manages the rupee for the world’s most populous nation.
NBPNarodowy Bank Polski
Warsaw, Poland — One of the most determined gold buyers among the world’s central banks.
CBNCentral Bank of Nigeria
Abuja, Nigeria — Manages the naira for Africa’s most populous country.