VOL. XXXII

NO.34

29-MAY-1989

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...