The oil rich kingdom is apparently worried crashing energy prices are driving speculators to bet against its ability to maintain the USD peg.
Keep on reading: Saudi Arabia Quietly Halts Sale of Options Contracts On Riyal Forwards
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Saudi Arabia Quietly Halts Sale of Options Contracts On Riyal Forwards
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Re: Saudi Arabia Quietly Halts Sale of Options Contracts On Riyal Forwards
FYI - related article about currency pegs on Bloomberg:
http://www.bloombergview.com/quicktake/currency-pegs
http://www.bloombergview.com/quicktake/currency-pegs