VOL. XLI
No. 01
5-January-1998
SAUDI ARABIA
Saudi Deposit Of $600Mn In Lebanon's Central Bank Will Boost Forex Reserves
Saudi Arabia's National Commercial Bank (NCB) and the Saudi Fund for Development (SFD)will place $600mn with the Central Bank of Lebanon, the Lebanese Minister of State forFinancial Affairs, Mr. Fuad Siniora, announced last week in Beirut. Mr. Siniora said thatthe $500mn from NCB and $100mn from SFD which will shortly be transferred to the CentralBank will not be a loan to the...
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