Middle East Economic Survey
VOL. LIV
No 23
6-Jun-2011
SAUDI ARABIA
Saudi Money Supply Growth Soars To Two-Year High In April, BSF Says
Broad money supply (M3) growth in Saudi Arabia surged by 17.2% to SR1.18 trillion ($314.7bn) in April, representing the highest rate of growth seen in the kingdom since April 2009, Banque Saudi Fransi (BSF) revealed in its latest Monetary Watch report. And while M2 including time and savings deposits, currency outside banks and demand deposits was also seen...
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