ABU DHABI: Saudi Arabia said on Saturday it had made some adjustments to assets denominated in sterling and euros in anticipation of Britain's vote to exit the European Union.
The adjustments were made ahead of the results of the vote as the Kingdom had been monitoring the situation and made the changes as a "precautionary stance," Saudi Arabian Monetary Authority Governor Ahmed al-Kholifey was quoted as saying by state news agency SPA.
"For the banking sector, we expect that the impact will be limited, because it is less exposed to the two aforementioned currencies' movements," he said.
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