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Friday, November 13 - 2009

Saudi M3 money supply up

  • Saudi Arabia: Tuesday, May 09 - 2006 at 13:10

Saudi posted its largest rise in broad money supply in more than a year in March, rising 4% to $155.4bn, whilst the central bank's foreign assets grew at their fastest pace since the end of November, according to Reuters citing Saudi Arabian Monetary Agency data. Analysts said the increase in money supply came mainly from deposits, probably linked to a stock market sell-off.

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