NO. 3

22 OCTOBER 1990

Financial and Banking News

Gulf Crisis

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...