Saudi must diversify investments, says top bank

The National Commercial Bank, Saudi Arabia's largest state bank, has called on the government to set up a sovereign wealth fund to cut the country's exposure to the greenback. The central bank should also look at de-pegging the riyal from the dollar.

Most of Saudi Arabia's surplus revenues are now invested in United States Treasury bonds. But Said al-Shaikh, the chief economist at the National Commercial Bank, said: "The continuing weakness of the dollar and declining interest rates would shrink

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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