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Saudi Arabia prepared to inject liquidity if needed, says Governor

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Wednesday 18, September 2019 BY Kuda Muzoriwa

The drone strikes on Saudi Aramco facilities slashed the Kingdom’s crude output by half, rattling oil markets and casting a shadow over the energy giant’s preparations for what could be the world’s biggest initial public offering.

The Governor of Saudi Arabian Monetary Authority (SAMA) said that the central bank is prepared to inject liquidity if needed, as the nation grapples with the aftermath of attacks on its major oil facilities, reported Bloomberg.

Ahmed Abdulkarim Alkholifey, the Governor of SAMA, said that the regulator has the ability to intervene at any time, adding that the top OPEC oil producer has no intention to change its currency’s peg to the US dollar.

 

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