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...
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