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Saudi money supply growth slows, lending up

Posted on 24 July 2009

From Tradearabia.com: Annual growth in Saudi Arabia’s M3 money supply fell to 16.4 per cent in June, from 16.9 per cent in May, while bank loans to the private sector increased, central bank data showed on Thursday.

The Saudi Arabian Monetary Agency (SAMA) website carried data showing a money supply of 1 trillion riyals ($266.7 billion) in June, compared to 986.8 billion riyals in May………..Full Article: Source

 
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