Financial and Banking News
BUDGETS AND REVENUES
OPEC Countries Post Big Increase In Bank Deposits in 1987
Overseas bank deposits by OPEC countries, which in response to last year'scollapse of oil prices were drawn down by nearly $22bn during 1986, have nowbeen increased by $7.4bn during the second quarter of 1987 - the largestquarterly increase recorded by the Basle-based Bank for InternationalSettlements (BIS) since 1980. The major Gulf producers were significant...