Financial and Banking News
Saudi Arabia to Replace BSDAs with Treasury Bills
Saudi Arabia hopes to start issuing treasury bills from 1 November, althoughthere could be some delay if SAMA is unable to put the necessary administrativesystems in place by then. Bankers Security Deposit accounts (BSDAs) which havebeen issued since 1984 are to be discontinued. The BSDAs have been issued on anauction basis, but are unpopular because they are...