NO. 36


Financial and Banking News

Budgets & Revenues

Arab OPEC Assets Show Big Increases

Deposits placed by Arab OPEC countries in western banks reached $150,834mn inDecember 1989, their highest level since December 1983, according to figuresreleased by the Basle-based Bank for International Settlements (BIS)*.Comparison with deposits before December 1983 is not possible due to changesin the way the data are presented, but it is unlikely that they exceeded theDecember...