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Middle EastApril 1 2016

SAMA vice-governor continues on path of stability

The vice-governor of the Saudi Arabian Monetary Agency, Abdulaziz Saleh Al-Furaih, is happy for the central bank to maintain low interest rates and a consistent policy on the riyal. He tells James King of his plans for SMEs, the low oil price environment and what the future holds for the country's banking sector.
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Q: What role can the Saudi Arabian financial sector play in supporting efforts to diversify economic growth and elevate social development in the country?  

A: The Saudi Arabian Monetary Agency [SAMA], through its two major strategic objectives, aims to discharge its responsibilities for maintaining the stability of the financial sector and supporting sustained economic development. SAMA’s strategy has always been adequately responsive to the changing business and economic environment to ensure that it delivers on its strategic objectives. 

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