Saudi money supply growth slows for sixth straight month

05 May 2010

According to data by the Saudi Arabian Monetary Agency (Sama), annual growth in the kingdom's M3 money supply slowed for a sixth straight month in March, Reuters has reported. M3 grew 4.6% in March year-on-year, down from 5.6% in February and 8.3% in January, due mainly to a 12% drop in time and savings deposits, the data showed.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.