Saudi Arabia adjusted some assets denominated in GDP and Euros ahead of Brexit results
Saudi Arabia had made some adjustments to assets denominated in GBP and Euros in anticipation of Britain's vote to exit the EU, Central Bank (SAMA) Governor Ahmed al-Kholifey revealed. Changes had been made as a precautionary stance, he said, reiterating that Brexit would not have much impact on Saudi financial institutions because of their limited exposure to GBP and Euro currency movements. (Reuters)
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