SAMA chief sees greater role for euro

The head of the Saudi Arabian Monetary Authority said that although he didn't see any new shift in world currency reserves from dollars to euros, he expected the single currency to have a greater role in the future in terms of international reserves.

Hamad Saud Al Sayyari, chief of the Saudi Arabian Monetary Agency, also said that the currency which oil is priced in doesn't make a difference, adding that what matters is the stability in oil prices.

"I don't believe that there is a new shift (