22 OCTOBER 1990
Financial and Banking News
SAMA's Reserves Fell by $3,148mn in August, IMF Figures Say
Saudi Arabia's total reserves, minus gold, fell by $3,148mn in August,reflecting support by the Saudi Arabian Monetary Agency (SAMA) for the Kingdom'scommercial banks in the weeks following the Iraqi invasion. The October editionof International Financial Statistics, published by the International MonetaryFund (IMF), puts the country's reserves at the end of August at...