VOL. XXXV

NO. 34

25-MAY-1992

Financial and Banking News

Regional Banking

SAMA Introduces Reverse Repurchase Facility

The Saudi Arabian Monetary Agency (SAMA) introduced a reverse repurchasefacility for government treasury bills on 16 May, a move designed to improvemanagement of short-term liquidity in the Kingdom's inter-bank market. Thefacility complements an existing repurchase facility for Saudi treasury billswhich SAMA introduced on 18 November of last year (MEES, 25 November 1991).

Saudi...