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.

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