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Saudi money supply up 19.4%
- Saudi Arabia: Sunday, November 11 - 2007 at 09:05
Saudi Arabia's money supply, a guide to future inflationary pressure, grew by 19.4% in September, a slight increase on the previous month, due mainly to investments in time and savings deposits, reported Reuters. Figures on the Saudi Arabian Monetary Agency's website showed that M3, the broadest indicator of money supply, had reached $198.4bn at the end of September, compared with $167.2bn at the same point last year.
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Jonathan Sheikh-Miller, Deputy EditorSunday, November 11 - 2007 at 09:05 UAE local time (GMT+4)
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