Middle East Economic Survey

VOL. LIV

No 18

2-May-2011

SAUDI ARABIA

Saudi Money Supply Surges To 20-Month High, BSF Says

Saudi Arabian money supply growth soared to a 20-month high of 13.8% in March, as the government carried out planned handouts of approximately SR53bn ($14.1bn) in bonuses that have the potential to fuel short term inflationary pressures, Banque Saudi Fransi (BSF) said in its latest Monetary Watch report. These handouts, the report notes, came as part of a block of...