Financial and Banking News
BUDGETS AND REVENUES
BIS Shows Increased Middle Eastern Deposits
Figures recently published by the Basle-based Bank for InternationalSettlements (BIS) show that the total volume of deposits by Middle Easterncountries abroad (in banks within the BIS-reporting area, which essentiallycomprises the western industrialized countries and the principal offshorecenters) increased during 1988 from $187.3bn to $197.8bn. At the same time therewas a...